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.
At the opening of a new state-of-the-art methane research facility in the Waikato today, Agriculture Minister Todd McClay said that Livestock Improvement Corporation's (LIC) new 'Methane Barn' will enable large-scale monitoring and measurement of methane produced by lactating cows.
"The research will enable farmers to select lower-emitting genetics and will be a valuable tool to help reduce biogenic methane without harming productivity," McClay says.
He says the research further bolsters confidence in the pipeline of new mitigation tools - giving farmers the choice in how they reduce their emissions.
"We are committed to meeting our climate obligations without closing down farms and sending jobs and production overseas," McClay says.
"Investments like the Methane Barn will offer farmers the tools they need to reduce on-farm emissions without reducing production," he adds.
The Government and industry have committed more than $400 million to speed up the development of methane-cutting tools with as many as 11 to be commercially available by 2030.
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