Sharechat Logo

LIC offers semen credit to recipients of 'hairy calves' genetic defect

Thursday 6th September 2012

Text too small?

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.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Spark Finance extends standby facility
AIA - Auckland Airport considers retail bond offer
VGL - 2024 Shaw & Partners Tech Conference Presentation
April 29th Morning Report
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness