Herd production performance soars
New data released by LIC and DairyNZ shows New Zealand dairy farmers have achieved the highest six week in-calf rate and lowest notin- calf rate on record.
LIC shareholders will meet on April 7 to vote on a $109 million deal to buy 50% of Israeli agritech company Afimilk.
LIC’s board has signed a conditional deal and is seeking shareholder approval.
Based in Israel, Afimilk has a global presence across all its products and solutions, with particular success in regions of intensive dairy farming.
Afimilk is widely regarded as one of the industry leading producers of milk meters, behaviour sensors, and farm management software, with particular strength in having strong distribution across Europe and North America.
LIC chairman Murray King says the investment will help give LIC access to the data it needs to deliver superior herd improvement services and agritech for New Zealand farmers into the future and will improve access to on-farm technology solutions.
“To do that, it’s vital we keep our world-leading edge in pastoral dairy farming data, while broadening access to new information to meet future needs and challenges. The proposed investment in Afimilk will do both.
“It will help ensure LIC’s on-going access to pastoral dairy farming data through the increased use of in-line milk meters and animal monitoring systems (such as collars).
“We believe there are likely to be further development opportunities for in-line milk meters, to increase LIC’s resilience to the threat of disruption to access to pastoral dairy farming data posed as a result of the move away from traditional herd-testing services.”
Afimilk inline milk meter technology. |
The investment will also help to drive future growth by opening LIC’s access to data on other farming methods beyond pastoral held by Afimilk.
Access to Afimilk’s resources and information on other farming methods will assist LIC to develop genetic programmes for the farming systems of the future.
The investment is proposed to be funded primarily through debt provided under LIC’s existing banking facilities, with the balance paid out of its cash reserves.
Shareholders will be sent a Notice of Meeting containing important information about Afimilk and the proposed transaction.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
The European Union Ambassador says the new free trade agreement (FTA) between the bloc and New Zealand will bring significant benefits to both parties.
Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as part of the Government's National Woolshed tour program.
OPINION: Readers of this column will know that your old mate has been a long-time critic of $55 million of…
OPINION: The Hound reckons school teachers like nothing better than to complain constantly about how tough things are for them…