A new partnership in a $16.7 million beef genetics programme has the potential to boost the sector's profits by $460 million over the next 25 years, Beef + Lamb New Zealand says.
The Ministry for Primary Industries is co-investing with Beef + Lamb NZ in the seven-year partnership through its Sustainable Food and Fibre Futures fund.
Called Informing New Zealand Beef (INZB), the programme will provide farmers with the genetic selection tools they need to breed animals better suited to New Zealand's farming conditions.
In turn, this will improve sustainability, productivity and profitability, while also speeding up farmers' ability to respond quickly to changing consumer preferences.
The programme's Governance Group Chair Helen Anderson said New Zealand's beef sector currently relied on an Australian genetics platform, which understandably factored in traits relevant to its climate and farming systems.