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


Dairy Industry Probes Bio-Tech Potential

The Dairy Board is to sharply increase its research funding in order to investigate the potential of biotechnology, a move its chairman John Storey says is imperative to ensure his industry stays abreast with developments in this field.

He said the industry would commit an additional $30 million annually over a five-year period to research biotechnology.“

“Our competitors are making large investments in this area and we need to ensure we keep abreast of the science involved,” Mr Storey said.

He said that while New Zealand dairy farmers had the lowest production costs in the world, biotechnology was seen in other countries as providing the means to close the gap.

“We let that happen at our peril.”

“The industry’s studies show the potential returns from research in the bio-tech field are very significant. But it is important to appreciate that this is a long-term project. It will be at least five years before we can expect to see new products or processes emerging from this programme.

He emphasised that the dairy industry would always be acutely sensitive to consumer perceptions and of the importance of maintaining the confidence of its customers.

“Research has always been given high priority in the dairy industry and has been crucial in maintaining our international competitiveness. The industry is already New Zealand’s largest private sector investor in R & D and its future success will be to a great extent dependent on the continuation of that policy,” Mr Storey said.

Mr Storey said the development was very much in line with Government’s drive to build knowledge-based industries and that not the least of the benefits from the initiative would be to attract back to this country New Zealand scientists now working abroad.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Up 0.5% In June Quarter: Services Lead GDP Growth

“Service industries, which represent about two-thirds of the economy, were the main contributor to GDP growth in the quarter, rising 0.7 percent off the back of a subdued result in the March 2019 quarter.” More>>


Pickers: Letter To Immigration Minister From Early Harvesting Growers

A group of horticultural growers are frustrated by many months of inaction by the Minister who has failed to announce additional immigrant workers from overseas will be allowed into New Zealand to assist with harvesting early stage crops such as asparagus and strawberries. More>>


Non-Giant Fossil Disoveries: Scientists Discover One Of World’s Oldest Bird Species

At 62 million-years-old, the newly-discovered Protodontopteryx ruthae, is one of the oldest named bird species in the world. It lived in New Zealand soon after the dinosaurs died out. More>>

Rural Employers Keen, Migrants Iffy: Employment Visa Changes Announced

“We are committed to ensuring that businesses are able to get the workers they need to fill critical skills shortages, while encouraging employers and regions to work together on long term workforce planning including supporting New Zealanders with the training they need to fill the gaps,” says Iain Lees-Galloway. More>>


Marsden Pipeline Rupture: Report Calls For Supply Improvements, Backs Digger Blame

The report makes several recommendations on how the sector can better prevent, prepare for, respond to, and recover from an incident. In particular, we consider it essential that government and industry work together to put in place and regularly practise sector-wide response plans, to improve the response to any future incident… More>>