LIC is a farmer-owned agritech and herd improvement co-operative that provides a range of services and solutions to improve the productivity and prosperity of farmers. This includes dairy genetics, information technology, herd testing, DNA parentage verification and farm advisory services.
With origins dating back to 1909, LIC has a long history of providing world-leading innovations for the dairy industry. LIC invests over 5% of its revenue in research and development ($13.6 million in 18-19 year) well above the New Zealand primary sector average of around 1%.
The New Zealand-based co-operative employs more than 750 permanent staff in New Zealand, swelling to 2000 during the peak dairy mating season. LIC also has offices in the United Kingdom, Ireland and Australia. All LIC profit is returned to its farmer owners/shareholders in dividends or re-invested for new solutions, research and development.
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