B+LNZ Genetics gets more support
B+LNZ Genetics was established in 2013 to consolidate farmer investment in New Zealand’s sheep and beef genetics research and innovation into a single entity.
According to B+LNZ, its programme was forecast to generate 742 million dollars of benefits over 10 years, but that figure has since been reviewed upwards, to 947 million dollars, or 7,890 dollars anually per sheep and beef farm. With rising costs this helps keep farmers competitive.
B+LNZ Genetics is currently funded under a Partnership Programme between B+LNZ and the Ministry of Business, Innovation and Employment (MBIE).
B+LNZ Genetics Chairman Chris Kelly says the Government’s investment in red meat sector genetics underpins New Zealand’s internationally competitive position, driving both farm productivity and product quality.
“Furthermore, our parent company’s continued support reflects the successful outcomes of the first five-year programme. These include the launch of Standard Indexes for commercial ram buyers, the establishment of the Trans-Tasman Beef Cow Profitability Programme and a massive upgrade of the New Zealand sheep breeding genetic evaluation system. On top of this, there has been a host of research, with findings being integrated into advancing genetic gain,” Mr. Kelly said.
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