Beef + Lamb New Zealand (B+LNZ) are partnering in a new $16.7 million beef genetics programme, with the potential to boost the sector’s profits by $460 million over the next 25 years.
The Ministry for Primary Industries (MPI) is co-investing in the seven-year partnership through its Sustainable Food and Fibre Futures fund.
The programme will provide farmers with the genetic selection tools they need to breed animals better suited to New Zealand’s farming conditions. In turn, this will improve sustainability, productivity and profitability, while also speeding up farmers’ ability to respond quickly to changing consumer preferences.
The programme is being funded 60 percent by B+LNZ and 40 percent by the Ministry for Primary Industries.
