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Dairy InSight Calls For Investment Applications

MEDIA RELEASE
20 October 2004

Dairy Insight Calls For Investment Applications

Dairy InSight, the dairy industry’s primary investor of research and industry-good activities, is calling for funding applications from service providers for the 2005 – 2006 investment round.

The deadline for applications is 5.00pm 19th November 2004 and the funding is for projects commencing 1 June 2005.

Dairy InSight will be looking for applications that meet its criteria in alliance with the goals of the ‘Strategic Framework for Dairy Farming’s Future’, the overriding vision being ‘World’s Best in Dairying’. The other fundamental requirements are that projects meet “industry-good” criteria and produce a measurable return to dairy farmers.

Peter Bodeker, Chief Executive of Dairy InSight says, “A particular focus for Dairy InSight is on innovative projects that will maintain New Zealand’s competitive advantage as a dairy industry in the global marketplace.

In the last year, Dairy InSight received over 200 applications and invested in 99 projects with a value of $43.4 million. The selection process will involve robust analysis from an independent evaluation team which includes technical experts as well as farmers. The investment is significant and so are the results we aim to achieve. There must be a proven industry benefit with every project we invest in, to maximise the value for the dairy farmers’ investment dollar.”

Dairy InSight has sent all likely candidates, as well as industry leaders and dairy company chief executives, a letter advising them of the forthcoming funding round.

Information concerning the application process can be found on www.dairyinsight.co.nz

ENDS

About Dairy InSight

Dairy InSight is an Incorporated Society of 17,300 members responsible for co-ordinating and funding industry-good activities on behalf of dairy farmers and sharemilkers. Its vision is ‘profitable and sustainable Dairy Farming’ and its mission is ‘enabling dairy farmers to benefit from innovation’. Dairy InSight was established following deregulation of the dairy industry and the dissolution of the Dairy Board. It was recognised that an independent organisation was needed to fund those activities that benefit the dairy industry as a whole – to keep the New Zealand dairy industry ahead of the rest of the world. Dairy InSight is funded via levies collected under the Commodity Levies Act (1990) – which dairy farmers voted for in 2002.

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