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

 


Beef + Lamb New Zealand Genetics underway

Beef + Lamb New Zealand Genetics underway

Beef + Lamb New Zealand (B+LNZ) Genetics is officially in business.

B+LNZ Genetics General Manager, Graham Alder said the contract with the Ministry of Business, Innovation and Employment has been signed, securing the Government’s contribution of $15 million over the next five years.

In total the new entity will attract $44 million, coming from sheep and beef farmers, the wider red meat industry and the Government.

“This investment will power up the genetic gains for New Zealand sheep and cattle so they are more profitable and better matched to consumer demands.”

B+LNZ Genetics combines the previous investments in Ovita, Sheep Improvement Ltd and the B+LNZ Central Progeny Test.

Alder says the money will be invested primarily in three areas and there will be a renewed focus on beef genetics.

“There will be an upgrade to the software that runs the SIL database so it’s capable of dealing with increased flows. There will be research into new genetic traits relevant to sheep and beef profitability – like the longevity of ewes and cows, particularly on hill country. And the third area is making the genetic tools and information easier to understand and use.”

Alder says the work is all about providing tools and information so farmers can buy better rams and bulls.

Beef + Lamb New Zealand Chief Executive, Dr Scott Champion said it was an exciting time for sheep and beef farmers, as genetic advances are one of the most important drivers of profitability and productivity.

“We’re on the eve of being able to access a whole new range of genetic tools and information that will take the sector to the next level. Importantly, B+LNZ Genetics brings together what were previously three separate parts of the business into an entity just focused on genetics; getting new genetic tools and services out to farmers, and then supporting them to use them in their farming businesses,” Champion said.

It’s estimated the genetic investment and its uptake has the potential to add $845 million to the sheep and beef sector over the next 20 years.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news