Displaying items by tag: LIC

LIC chair Corrigan Sowman believes the company is well placed to support farmers to meet Fonterra’s scope three emissions target.

Taking over the chairmanship of LIC feels like a generational responsibility for Tākaka farmer Corrigan Sowman.

Shareholders of the farmer-owned co-operative LIC will be paid a special dividend of 13c/share next month.

The result of two probes into the supply of bad sire semen to over 1100 LIC farmer customers will be made public next month.

According to the New Zealand Dairy Statistics report, dairy sector production held strong in the face of difficult climate conditions throughout the 2022/23 season.

Dairy farming leader Richard McIntyre claims LIC has fallen short of its moral obligation to farmers, who recently received bad sire semen from the herd improvement company.

Genetics may be one of the tools Fonterra farmers can tap into to reduce on farm emissions, according to LIC.

Herd Improvement company LIC is paying out over $2 million this week, as compensation for supplying some dairy farmers bad sire semen.

Herd Improvement company LIC has apologised to dairy farmers and is offering financial compensation to those impacted by a bad batch of sire semen.

Murray King stepped down as LIC chairman at the co-op’s annual general meeting this month. He gave this final speech to LIC shareholders at the AGM in Ashburton.