LIC ends year with $30.6m profit
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
Specialists from the co-op's genetics, herd testing, animal health, GeneMark, MINDA, SPACE and FarmWise teams will be available to meet with farmers and support them with their herd improvement decisions.
LIC chief executive, David Chin, says the team is looking forward to catching up with farmers and connecting with the industry following a busy spring season.
"Fieldays is a great opportunity for the dairy industry to come together and I've always enjoyed connecting with our farmers at the event over the years.
"I'm really looking forward to meeting with our farmer shareholders and sharing some of the great work our team is doing to help New Zealand farmers breed the best cows fasters."
This year, LIC will have an innovation area to spotlight its research and development programmes. Here, LIC's scientists will be sharing the cutting-edge work they have underway to support farmers to meet current and future environmental challenges head on, including a low-methane emitting research programme, Resilient Dairy, and a heat tolerant breeding programme.
"We're proud to be one of the largest investors in R&D in the primary sector and this year has seen some particularly exciting results from the programmes we have underway.
"We're excite to showcase some of these results and the value they are delivering on farm at this year's Fieldays," says Chin.
The LIC site will again host a café for its farming families with complimentary coffee, snacks and real fruit smoothies.
For those looking for their next career opportunity, LIC will also have a stand in the Fieldays Careers Hub where they will be highlighting some of the exciting roles they have available both in the Waikato and in other regions across New Zealand.
