Meat Board announces investment in innovative beef genetics programme

The New Zealand Meat Board (NZMB) is to invest up to $1 million a year in the ground-breaking Informing New Zealand Beef (INZB) genetics programme.

The decision, which is subject to consultation with farmers, will see the NZMB joining the Ministry for Primary Industries (MPI) and Beef + Lamb New Zealand (B+LNZ) in supporting the seven-year Sustainable Food & Fibre Futures (SFF Futures) partnership, which aims to boost the sector’s profits by $460m over the next 25 years.

The INZB programme is focused on increasing the uptake of the use of genetics in the beef industry. The five main components of the programme are building a genetic evaluation and data infrastructure, progeny test herds, developing breeding objectives and indexes, developing new data sources and supporting farmer uptake of new genetic information. Continue reading

Government unveils industry plan to transform NZ’s agritech industry

An industry plan to transform and grow New Zealand’s agritech sector was today launched today by Economic Development Minister Phil Twyford and Agriculture Minister Damien O’Connor.

The agritech sector is set to benefit from Government investment including:

  • $11.4 million direct investment in implementing the Agritech Industry Transformation Plan, announced in Budget 2020,
  • A share of $84 million of Sustainable Food & Fibre Futures funding brought forward to boost innovation to support the Fit for a Better World roadmap,
  • Ongoing support from the Government’s Agritech Taskforce and existing government programmes.

“We want to grow a cluster of large agritech firms that can take on the world, and build on New Zealand’s agricultural strength,” Phil Twyford said.

“Our Government believes we can grow the agritech sector into a stronger economic contributor, increase agritech exports, and advance sustainable primary production in New Zealand.” Continue reading

Sustainable Food & Fibre Futures launched in move from volume to value

Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor.

The best of two Ministry for Primary Industries investment programmes – the Sustainable Farming Fund and the Primary Growth Partnership – have been taken to create Sustainable Food & Fibre Futures, or SFF Futures, Mr O’Connor said.

“We are moving from volume to value. New Zealand’s commodity growth drive has come at the expense of the vital natural resources we need for our primary sector – our soil, water and social license to operate,” he said.

With a budget of $40 million a year, SFF Futures will provide a single gateway for farmers and growers to apply for investment in a greater range of projects that deliver economic, environmental and social benefits that flow through to all Kiwis.

“The food and fibre industries are the backbone of New Zealand’s economy, delivering more than $42 billion in export revenue last year, and the Coalition Government wants to help extract more value from what they already do, in a sustainable way that means our natural resources will be there for future generations,” Mr O’Connor said.

“Targeted funding rounds may include projects focusing on specific outcomes, such as climate change or the environment.”

The announcement was made on a farm in Morrinsville alongside the launch of a project to tap into the high-value, New Zealand goat milk infant formula industry.

“The CAPRINZ programme is the type of SFF Futures programme we are looking for,” Mr O’Connor said.

It has a value chain focus, is expected to  deliver environmental and sustainability benefits, grow an important industry, foster collaboration, build capability and retain the benefits in New Zealand.

Source:  Minister of Agriculture