Cultivating Excellence
Exploring the scientific and technological advancements driving productivity and prosperity in the global dairy sector.
What is LIC? 👇 Explore Services 🛠️Dive in with Flashcard Learning!
🎮 Play the Wiki2Web Clarity Challenge Game🎮
Overview
A Farmer-Owned Cooperative
Livestock Improvement Corporation, commonly known as LIC, stands as a prominent New Zealand multinational farmer-owned cooperative. For over a century, LIC has been at the forefront of providing specialized genetics expertise, comprehensive information, and advanced technology to the dairy sector. Its fundamental mission revolves around enhancing the prosperity and productivity of dairy farmers globally.
Public Listing with Unique Shareholding
While operating as a cooperative, LIC is uniquely listed on the New Zealand Stock Exchange (NZX) under the ticker symbol LIC. This public listing is distinctive, as shareholding is specifically restricted to dairy farmers, ensuring that the cooperative's strategic direction remains aligned with the interests of its 11,000 New Zealand dairy farmer shareholders. This structure underscores its commitment to the agricultural community it serves.
Global Reach from New Zealand Roots
Headquartered in Newstead, near Hamilton, New Zealand, LIC maintains a robust operational footprint. Beyond its numerous regional bases across New Zealand, the cooperative has established international offices in key dairy markets including the United Kingdom, Ireland, the USA, and Australia. Furthermore, LIC extends its influence through a network of agents in South Africa and various parts of Asia, solidifying its position as a multinational entity in the agribusiness landscape.>
History
Foundations in Herd Testing
The origins of LIC trace back to 1909, a pivotal year when the first organized routine herd testing service was initiated in New Zealand. This groundbreaking service was a collaborative effort, conducted by and for New Zealand dairy farmers, with crucial support from the New Zealand Department of Agriculture. This early commitment to data-driven improvement laid the groundwork for LIC's future innovations in dairy science.
Evolution and Growth
From its humble beginnings, LIC has undergone a significant evolution, transforming into a major enabler and contributor to the New Zealand dairy sector. Its century-long journey is marked by continuous advancements in genetic improvement and farm management technologies, consistently adapting to the evolving needs of the dairy industry. This sustained growth reflects its enduring relevance and impact.
Services
Advanced Genetic Solutions
At the core of LIC's offerings are its advanced genetic solutions, which are critical for enhancing herd quality and productivity. This includes the provision of high-quality bull semen and comprehensive artificial insemination services, enabling farmers to strategically improve the genetic makeup of their dairy herds. LIC's specialist genetics expertise provides tailored advice and solutions, ensuring optimal breeding outcomes for diverse farming operations.
Integrated Farm Management Tools
Beyond genetics, LIC provides a suite of integrated tools and services aimed at optimizing overall farm management. This encompasses dairy farming consultancy, offering expert guidance on various operational challenges. Furthermore, LIC develops and implements computerized herd management systems and farm automation technologies, empowering farmers with data-driven insights and streamlined processes to enhance efficiency and decision-making. The foundational herd testing service continues to be a cornerstone, providing vital data for herd health and productivity analysis.
Global
Strategic Headquarters
LIC's global operations are anchored by its headquarters located in Newstead, a strategic hub near Hamilton, New Zealand. This central base serves as the nerve center for its research, development, and administrative functions, coordinating efforts across its extensive network.
International Footprint
Reflecting its multinational status, LIC has established a significant international presence. It operates dedicated offices in key dairy-producing regions, including the United Kingdom, Ireland, the United States, and Australia. These offices facilitate direct engagement with local farmers and provide tailored support. Additionally, LIC extends its reach through a network of agents in South Africa and various Asian markets, ensuring its innovative solutions are accessible to a broader global dairy community.
Impact
Dominant Genetic Influence
LIC's profound impact on the New Zealand dairy sector is evidenced by its significant genetic influence. A remarkable statistic highlights this: over 75% of all dairy cows within New Zealand are sired by LIC-owned bulls. This demonstrates the cooperative's unparalleled role in shaping the genetic trajectory and productivity of the national dairy herd.
Enabler of Dairy Prosperity
Through its extensive research, development, and service delivery, LIC has become a major enabler and contributor to the overall prosperity and efficiency of the New Zealand dairy industry. By providing farmers with superior genetics, advanced information systems, and cutting-edge technology, LIC directly supports the economic viability and sustainable growth of dairy farming operations, reinforcing New Zealand's position as a global leader in dairy production.
Leadership
Key Executives
The strategic direction and operational excellence of LIC are guided by its leadership team. A key figure in the cooperative's executive structure is David Chin, who serves as the Chief Executive Officer (CEO). His leadership is instrumental in steering LIC's initiatives and maintaining its market position.
Scientific Expertise
LIC also benefits from the contributions of notable scientific personnel who drive its innovation in genetics and dairy science. Among them is Jennie Pryce, a distinguished quantitative geneticist. Her expertise is crucial in developing and implementing the advanced genetic programs that underpin LIC's success in improving livestock performance.
Teacher's Corner
Edit and Print this course in the Wiki2Web Teacher Studio
Click here to open the "Livestock Improvement Corporation" Wiki2Web Studio curriculum kit
Use the free Wiki2web Studio to generate printable flashcards, worksheets, exams, and export your materials as a web page or an interactive game.
True or False?
Test Your Knowledge!
Gamer's Corner
Are you ready for the Wiki2Web Clarity Challenge?
Unlock the mystery image and prove your knowledge by earning trophies. This simple game is addictively fun and is a great way to learn!
Play now
References
References
Feedback & Support
To report an issue with this page, or to find out ways to support the mission, please click here.
Disclaimer
Important Notice
This page was generated by an Artificial Intelligence and is intended for informational and educational purposes only. The content is based on a snapshot of publicly available data from Wikipedia and may not be entirely accurate, complete, or up-to-date.
This is not financial advice. Information regarding LIC's public listing and shareholding structure is provided for general understanding only and should not be interpreted as financial or investment advice. Always consult with a qualified financial professional for any investment decisions.
The creators of this page are not responsible for any errors or omissions, or for any actions taken based on the information provided herein.