AI was also increasing accuracy.
“That means improved yield for the processor and better returns for the farmer as well, so that’s a positive indication as to how AI is delivering accuracy and efficiency.”
“It [AI] has been there for some time, but I think that the speed of change from AI is increasing, and that’s driving efficiencies, yield and quality outcomes at an increasing rate,” he said.
Kippenberger announced his resignation in March but will stay on with the company until August.
He will be supported by Aaron Vanwalleghem, Scott’s president for Europe and North America, while the company seeks a replacement CEO.
Scott, which is 53.05 per cent owned by Brazil’s JBS, last year undertook a strategic review of its ownership structure.
As part of the process, the company engaged with a group of potential buyers.
In November, Scott said no offers were received at price ranges which reflected the independent directors’ view of value for all of the company.
In its result, Scott said its net profit fell by 42 per cent to $4.5m due to one-off strategic review costs, higher lease and financing costs.
Group revenue was up 11 per cent at $141m, while margins were maintained at 26 per cent.
Looking ahead, Kippenberger said the American market was a mixed bag, with a drought in many parts of the country putting pressure on the beef sector, which meant processors were delaying capital investment decisions.
However, the company’s forward order book of $161m was positive.
Scott declared an interim dividend of 5 cents per share for the half year, up from 4 cents in the previous corresponding period.
Jamie Gray is an Auckland-based journalist, covering the financial markets and the primary sector. He joined the Herald in 2011.