Share
- Release Date: 21/02/12 11:54
- Summary: GENERAL: LIC: Gesture recognises early adopters of new technology
- Price Sensitive: No
- Download Document 1.51KB
LIC
21/02/2012 09:54
GENERAL
REL: 0954 HRS Livestock Improvement Corporation Limited (NS)
GENERAL: LIC: Gesture recognises early adopters of new technology
Farmers who used new genomic technology from their cooperative, LIC, in 2008
and 2009 will shortly receive a credit for the premium they paid for the
product in those two years.
LIC General Manager Genetics, Peter Gatley, says the credit is a gesture to
the farmers "who came with us as early adopters of a technology poised to
advance genetic gain more than any other in the history of dairying.
"Data collected from our Sire Proving herds indicates that the Breeding Worth
averages of the 'DNA Proven' sire teams used in 2008 and 2009 were lower than
originally estimated. This observation is very much in line with
international experience, and we now have appropriate adjustments in place,
but we can't turn back the clock on the estimates we provided for the 2008
and 2009 teams.
"The average of all DNA Proven inseminations has delivered a modest advantage
over the traditional alternative, so the rate of genetic gain has been
maintained, but the result is well short of our original prediction. The
credit is a gesture of appreciation for the support of our early adopters who
paid a premium for the service."
The value of the credit is estimated to total $4.7 million and will be
processed in March 2012.
Ends
For further information contact Clare Bayly, LIC Communications Manager,
phone 027
4998862.
End CA:00219785 For:LIC Type:GENERAL Time:2012-02-21 09:54:10
