With origins dating back to 1909, when the first organised routine herd testing service commenced, LIC has a long history of providing world-leading innovations for the dairy industry.
This commitment to research and development (R&D) and new product development continues today with LIC’s strategy to deliver innovation led growth, with an ongoing focus on the core New Zealand dairy industry.
Headquartered in Hamilton, New Zealand, LIC employs more than 700 permanent staff, swelling to 2000 during New Zealand’s peak dairy mating and herd testing season through spring.
LIC also has offices in the United Kingdom, Ireland and Australia. As a farmer-owned co-operative, all LIC profit is returned to its farmer owners/shareholders in dividends, or reinvested for new solutions, research, and development.
LIC is one of the New Zealand agricultural sector’s largest private investors in R&D and new product development. More than 10,000 bull calves have been tagged by LIC as part of its Sire Proving Scheme (SPS) which commenced in 1961.
SPS farmers help ‘prove’ the worth of the bull genetics, and therefore make performance improvement of the national dairy herd possible. Internationally, LIC is focusing on growth in key markets to add value to our shareholders.
LIC shares are listed on the NZX.
To be a shareholder in LIC, farmers have to farm dairy cows in New Zealand, supply New Zealand milk processor and buy a minimum amount of qualifying products and services from LIC in any one year.
Qualifying products and services include MINDA®, herd testing and artificial breeding services.