LIC lifts half-year revenue on strong demand for dairy genetics
Herd improvement company LIC has posted a 5.2% lift in half-year revenue, thanks to increasing demand for genetics.
Southland farmers Yvonne and Steven Dennis are LIC Sire Proving Scheme farmers of the year.
They milk 780 cows and have always used LIC products; they have been part of LIC’s sire proving scheme for 10 years.
Steven Dennis says the award is a result of a team effort of their farm staff, led by manager Barry Andrew. He thanked LIC farm solutions manager Meagan Colling for nominating them and LIC staff for their passion.
“We were blown away by the enthusiasm of LIC staff; everyone is passionate about their division,” he told Dairy News. “It’s nice to see people so motivated.”
LIC bull acquisition manager (Jersey and short gestation) Malcolm Ellis says the Dennis’s are successful, driven, passionate and have a real interest in herd improvement and recording.
“They have outstanding record keeping and attention to detail. With six weeks HF over the cows and KX over the yearlings, they regularly rear 25% replacements and select down to milk in the order of 22%.”
Ellis says the 50 year old sire proving scheme is the real gold. “Outstanding in its design, the scheme is also outstanding in its participation,” says Ellis.
Last year LIC sire proved 220 bulls in 273 herds; this year that number of herds will go over 300 to prove 250 bulls.
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.