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.
Milk vat manufacturer DTS is selling its dairy automation business to MilktechNZ.
Effective from this week, MilktechNZ takes over ownership of MilkHub and will be providing support for the installation and service of Manual and Auto-Drafter, in-line milk sensors, in-bail identification and Herd-Man software and app.
Hamilton-based MilktechNZ is known for its CR-1 electronic cup removers, and for creating simple, clever dairy technology for today's farmers worldwide.
DTS chief executive Gavin Thwaites say he has full confidence in the capabilities of MilktechNZ.
"With over 80 years of combined expertise in dairy technology and automation, their leadership team is exceptionally equipped to support and further evolve the dairy automation business ensuring it meets the demands of customers," says Thwaites.
MilktechNZ chief executive and foundr Gustavo Garza says his company is excited abut the acquisition of MilkHub into the MilktechNZ portfolio.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
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State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock farm operators.
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