LIC offers semen credit to recipients of genetic defect

Published: Thu 6 Sep 2012 12:48 PM
LIC offers semen credit to recipients of ‘hairy calves’ genetic defect
Sept. 6 (BusinessDesk) - Livestock Improvement, the New Zealand farmer-owned company that sells bull semen and provides a dairy genetics database, said it will offer a credit for recipients of a genetic defect that caused so-called ‘hairy calves’ to be born from the offspring of the bull called Matrix.
LIC chairman Murray King said crediting the cost of all semen and inseminations from the bull responsible doesn’t amount to compensation to farmers who have the calves. There are about 900 farmers affected, with 1,500 calves carry the mutant gene.
“We stand by the decision that compensation is not appropriate but the LIC board believes that a gesture of goodwill is the right thing to do for the farmers who have daughters of the bull, Matrix,” King said. The credit would extend to all inseminations from Matrix including those that resulted in healthy offspring.
“Defects of this nature are rare – this is only the second of this type to have occurred in more than 50 years of LIC breeding more than 9,000 bulls,” he said.
LIC has recommended the animals be tested and has offered free DNA testing.
LIC shares can be traded among farmers via the NZX platform and were last at $4.90, having fallen 2 percent this year.

Next in Business, Science, and Tech

‘Cuts In Context’ Report Launch And Visual Display At Parliament Today
By: Taxpayers' Union
Conference Win Will Showcase Auckland’s AI Capability
By: Tataki Auckland Unlimited
Retail Activity Up In March 2024 Quarter After Eight Declines
By: Stats NZ
Farewell Anchor, Fresh'n Fruity And Mainland: What’s Behind Fonterra’s Decision To Sell Its Consumer Brands?
By: The Conversation
Broadband Prices In 223 Countries Revealed. New Zealand Ranks In 128th Place - Do Kiwis Pay Too Much?
By: NZ Compare
DIA & SkyCity Reach Settlement Agreement For Anti-Money Laundering And Countering Financing Of Terrorism Breaches
By: Department Of Internal Affairs
View as: DESKTOP | MOBILE © Scoop Media