Beef + Lamb NZ to take over sole funding on its genetics unit
Beef + Lamb New Zeland is going to take control of its genetics unit which is to be integrated into Beef + Lamb New Zealand Ltd as a separate business unit. B+LNZ Genetics was founded in 2013 to consolidate farmer investment in New Zealand’s sheep and beef genetics research and innovation into a single entity. The program was funded by B+LNZ and the Ministry of Business, Innovation and Employment (MBIE) but now this arrangement has come to an end.
Over the coming months, B+LNZ Genetics’ outputs will be integrated across B+LNZ’s business activities, ensuring that B+LNZ Genetics and other teams are adequately resourced to maximize the benefit of that integration while keeping B+LNZ Genetics as a separate and distinct business unit.
The transition will be officially completed on 1st October 2019, announced the industry body.
"This is a logical decision for the sector. It will mean we can more fully power-up B+LNZ Genetics’ world-leading tools and technologies developed under the MBIE partnership.
Genetics is a critical tool to achieving B+LNZ’s vision of profitable farmers, thriving rural communities, valued by all New Zealanders. It plays an integral part in our three priorities of unlocking market potential, enhancing our environmental position, and supporting farming excellence, said Sam McIvor, Chief Executive of B+LNZ.
B+LNZ has committed ongoing support for the beef programme so that current activities can be completed while B+LNZ Genetics awaits the outcome of its funding application with MPI’s Sustainable Food & Fibre Futures fund, he added.