Data sharing initiative wins national award for saving farmers time
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
The future growth and sustainability of the New Zealand dairy industry will be underpinned by innovation and investment in research and development (R&D).
That was the message from LIC board chair and Nelson dairy farmer Murray King at the farmer-owned cooperative’s annual meeting in Hamilton yesterday.
LIC shareholders, directors, shareholder councillors and staff heard how LIC has an ambitious R&D investment programme that will drive its sustainable growth and profitability into the future and deliver more value to its farmer shareholders.
King said LIC’s investment in R&D and innovation is over 5% of its revenue ($13.2 million in 17-18 year), well above the New Zealand primary sector average of around 1%.
“LIC has always been a heavy investor in R&D, on behalf of our shareholders and the industry, and for some time now we have been talking about our work to transform the business and deliver a more sustainable and agile co-operative.
“We are now more match-fit than ever and better positioned to deliver great outcomes for our farmers.
“We are taking what we learnt from our transformation programme, the methods we have adopted and efficiencies we have gained to unlock new opportunities and deliver even more benefits for our shareholders. A sustainable and prolonged industry-leading focus on innovation and R&D is critical to that.”
Over the last year LIC has introduced SPACE, a pasture management system which utilises satellite technology to estimate a farm’s pasture cover.
This technology can deliver significant benefit to farmers and the uptake has been excellent, says King.
“Our work to refine this service continues and soon we will be implementing updates to further improve its accuracy by removing distortions caused by shadow or cloud. We will also be extending the service to cover more areas in the country, so more farmers can access the benefits.”
King also highlighted LIC’s ongoing focus on delivering genetic gain to the New Zealand dairy herd and how its cutting-edge genomics research will help lift the bar even higher, and at a faster rate.
“Over the last 15 years we have invested more than $40 million in genomics research and our knowledge and understanding has come a long way in that time.
“Genomic selection is now a key part of our breeding scheme in conjunction with the more traditional methods of sire proving. As technology evolves and our genomic dataset grows, so too does our selection intensity and accuracy, and this ultimately allows farmers to access more of the elite new genetics earlier.
“We recently received a significant funding boost from the Government’s Endeavour Fund for a major project. This is an exciting project which applies the latest genomic technologies to breed healthier, more efficient dairy cattle and could deliver significant productivity and environmental gains for the New Zealand dairy industry.”
Some farmers in the Nelson region are facing up to five years of hard work to repair their damaged properties caused by the recent devastating floods.
Federated Farmers is joining major industry-good bodies in not advocating for the Government to withdraw from the Paris Agreement.
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the…
OPINION: The Hound hears from his canine pals in Southland that an individual's derogatory remarks on social media have left…