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Business Scoop » LIC Annual Results 2020-21, Farmers Investing In High Value Genetics To Help Meet Sector's Climate Goals


Press Release – Livestock Improvement Corporation
Livestock Improvement Corporation (NZX: LIC) announces its financial results for the year ending 31 May 2021, reporting increased revenue, profit and a strong balance sheet with no debt at year end. The farmer-owned co-operative will return $17.8 million …
Livestock Improvement Corporation (NZX: LIC) announces its financial results for the year ending 31 May 2021, reporting increased revenue, profit and a strong balance sheet with no debt at year end.
The farmer-owned co-operative will return $17.8 million in dividend to shareholders, which equates to 12.51 cents per share. The fully imputed dividend represents a 14.4% gross yield based on the current share price of $1.21. The dividend will be distributed on 20 August. ....

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Bull Burps Could Hold Answer To Breed Climate Friendly Cows


 
The opportunity
to breed more climate friendly cows is one step closer for
New Zealand dairy farmers after a Waikato trial finds a
possible link between a bulls’ genetics and the amount of
methane they produce.
The pilot trial, by artificial
breeding companies LIC and CRV with funding from the New
Zealand Agricultural Greenhouse Gas Research Centre,
measured feed intake and methane emissions – in the form
of burps – from 20 young bulls destined to father the next
generation of New Zealand’s dairy cows.
LIC Chief
Scientist Richard Spelman says results from the pilot trial
are promising.
“Methane production primarily relates ....

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