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The result of two probes into the supply of bad sire semen to over 1100 LIC farmer customers will be made public next month.
Following the semen quality issue LIC experienced in October last year, a thorough investigation was done, looking at all operational processes and possible improvements. An independent review was also carried out to look into LIC's response to the issue.
LIC chief executive David Chin says the outcomes of the investigation and independent review are being finalised and will be presented to the board next month.
Following that meeting, all farmer shareholders will be informed of the outcomes and any improvements that will be made to our business as a result, Chin says.
“We thank farmers for their patience and understanding while we work through this.
“We are disappointed as a co-op that we didn't deliver to the high standard farmers expect of us, and we continue to take this situation very seriously,” he says.
The farmer-owned co-operative has already paid out over $2 million to farmers as compensation for supplying some dairy farmers bad sire semen.
Two batches of bad semen were delivered to 1127 farms around the country; semen collected, processed and packed into straws and then sent to farms on October 15th and October 21st failed to pass quality control tests on day three. The straws were used over three days to mate herds and resulted in lower pregnancy rates. Fifteen of the 39 straws collected on October 16th and five of 31 straws collected on October 21st were affected.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
The first calves of a new crossbred dairy-beef offering are now on the ground at a Pamu (Landcorp) farm near Taupo.
Academic and former Fonterra director Nicola Shadbolt has been elected as LIC director.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
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