Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Farmers Hosed Off At Grab For LIC

"A great number of farmers I have spoken to want the Livestock Improvement Corporation to become a user co-operative rather than be swallowed by Global Co," reported DFNZ Chairman Charlie Pedersen today.

There are strong concerns about where the LIC will end up in a restructured industry. " Under the previous Merge Co proposal LIC ownership was to be vested in its rightful owners, the users, the people who have built and paid for the LIC," said Mr Pedersen.

"We understand that the intention now is to place the LIC into Global Co ownership," said Mr Pedersen. "This disenfranchises all sharemilkers and also those farm owners who supply the remaining independent dairy companies: Westland, Tatua, Dairy Foods, Kapiti Cheese and United."

"We can see that the LIC database is attractive to Global Co but the database has been created and paid for by farmers who have paid to herd test their cows."

"The most appropriate place for the database is probably the yet to be formed, farmer funded and owned industry good organisation that will benefit all NZ dairy farmers not just those who are shareholders of Global Co," Mr Pedersen concluded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>