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

 

Beef + Lamb NZ extends its support of B+LNZ Genetics


Beef + Lamb New Zealand extends its support of B+LNZ Genetics

After four years of operation and a series of successful milestones, Beef + Lamb New Zealand (B+LNZ) has extended its support of wholly-owned subsidiary B+LNZ Genetics beyond its initial five-year funding programme.

B+LNZ Genetics was established in 2013 to consolidate farmer investment in New Zealand’s sheep and beef genetics research and innovation into a single entity. Its programme was forecast to generate $742m of benefits over 10 years, but that figure has since been reviewed upwards, to $947m, or $7,890 per annum per sheep and beef farm. With rising costs this helps keep farmers competitive.

B+LNZ Genetics i s currently funded under a Partnership Programme between B+LNZ and the Ministry of Business, Innovation and Employment (MBIE).

B+LNZ Genetics Chairman Chris Kelly says the Government’s investment in red meat sector genetics underpins New Zealand’s internationally competitive position, driving both farm productivity and product quality.

“Furthermore, our parent company’s continued support reflects the successful outcomes of the first five-year programme. These include the launch of Standard Indexes for commercial ram buyers, the establishment of the Trans-Tasman Beef Cow Profitability Programme and a massive upgrade of the New Zealand sheep breeding genetic evaluation system. On top of this, there has been a host of research, with findings being integrated into advancing genetic gain.”

Dr Kelly says B+LNZ Genetics is a steward of the genetic infrastructure of New Zealand’s sheep and beef sector. “At a practical level, that means facilitati ng on-going genetic improvement of the nation’s sheep flock and beef herd, including a focus on core economic traits – both current drivers of profit and anticipated future drivers.”

B+LNZ Chief Executive Sam McIvor says B+LNZ Genetics’ performance feeds directly into several of B+LNZ’s strategic goals, particularly that of growing farm profitability through improved productivity, efficiency and reduced costs.

“The formation of B+LNZ Genetics was designed to deliver genetic services to the sheep and beef sector for the long-term, with the aim of significantly improving the sector’s profitability through optimal use of genetics.

“The organisation has achieved that and more during its initial programme, which made the decision to continuing providing funding support a simple one. Alongside our levy payers – New Zealand sheep and beef farmers – we look forward to seeing B+LNZ Genetics continue to provide world-leading genetic innovations that will keep New Zealand at the forefront of the red meat sector, internationally.”


ends

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz 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>>

ALSO: