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LIC

Commercially focussed

12,000 customers

2013/14 Sales NZD$211m

EBIT $25m

 

Staff

LIC employs 700 FTE (Full time equivalents)

1700 seasonal staff to deliver it range of products and services in New Zealand and abroad.

 

Main bull centre is on 260 hectares

2nd centre of 130 hectares, collect for EU

Compulsory Shares

Spends at least $500 on qualifying products & services.

Calculated annually @ 4% of spend Holding values year to year.

Determine voting rights:

1 share = 1 vote.

Redeemed by LIC when exit farming.

 

Investment Shares

Co-operative Control Shareholders only

No minimum holding - Maximum holding of 5%

Receive dividends, if declared

Can be traded on NZAX or privately between Shareholders

Must be sold within 2 years after surrender of Co-operative Shares

NZD$24 million (11%) was reinvested back into Research & Development 2014. Including:

  • Development Projects
  • Dairy Sire Proving
  • Biotechnology
  • Analytics
  • Reproduction
  • Commercialisation & Delivery
  • Farm Systems
  • Animal Diagnostics
  • Deer Sire Proving
  • R&D Support Services

The company has a proud history, having pioneered several key initiatives that today provide New Zealand dairy farmers with their competitive edge on the world stage. Examples include the systematic herd testing of milk quality, the distribution of Long Last Liquid (fresh) semen, and the introduction of DNA technology to Genomically identify, and select, elite sires.

Our work to continuously improve dairy cow performance continues: A significant part of this responsibility is to provide reproductive solutions that suit the needs of individual farming customers.

Our origins, which date back to the early 1900s, lie in animal performance management tailored to an innovative and wide range of products and services that deliver profit to a wide range of livestock farmers. Including:

  • Dairy animal recording,
  • Dairy herd testing and milk analysis laboratories,
  • Progeny testing for the dairy and deer industries,
  • Artificial breeding for the dairy and deer industries.
  • Farm automation solutions for beef and dairy,
  • Animal health management,
  • On-farm consultancy service,
  • Research and development,
  • DNA analysis across species – beef, dairy, goats and pigs,
  • Industry statistics and trends,
  • Own a 105 hectare Innovation Dairy Farm.
  • Dairy Automation (DAL).

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