Big data the future for farming, says LIC

LIC's positive financial performance for the year will act as a catalyst to investment in technology and data platforms, the company says.

Speaking at the dairy co-operative's annual meeting on Thursday, LIC chairman and Nelson dairy farmer Murray King said LIC was in a strong position to continue to invest in technology and data platforms to fuel genetics and herd management innovations.

LIC reported net profits of $22.2million, up 139% from $9.3million the previous year.

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