LIC offers semen credit in wake of ‘hairy calves’ genetic defect

BUSINESSDESK: Livestock Improvement, the New Zealand farmer-owned company that sells bull semen and runs a dairy genetics database, will offer a credit for a genetic defect that caused "hairy calves" to be born from the offspring of a bull called Matrix.

LIC chairman Murray King says crediting the cost of all semen and inseminations from the bull responsible does not amount to compensation to farmers who own the calves.

There are about 900 involved, with 1500 calves carrying the mutant gene.

"We stand by the decision that compensation is not appropriate but the LIC board believes that a gesture of goodwill is the right thing to do for the farmers who have daughters of the bull Matrix," he says.

The credit would extend to all inseminations from Matrix, including those that resulted in healthy offspring.

"Defects of this nature are rare – this is only the second of this type to have occurred in more than 50 years of LIC breeding more than 9,000 bulls," he says.

LIC has recommended the animals be tested and has offered free DNA examination.

LIC shares can be traded among farmers via the NZX platform and were last at $4.90, having fallen 2% this year.

Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.6887 0.0046 0.67%
AUD 0.9152 0.0039 0.43%
EUR 0.5848 0.0034 0.58%
GBP 0.5141 0.0031 0.61%
HKD 5.3789 0.0387 0.72%
JPY 78.2360 0.5410 0.70%


Commodity Price Change Time
Gold Index 1245.6 -0.750 2017-12-08T00:
Oil Brent 63.4 1.240 2017-12-08T00:
Oil Nymex 57.3 0.680 2017-12-08T00:
Silver Index 15.7 0.021 2017-12-08T00:


Symbol Open High Last %
NASDAQ 6859.9 6870.5 6812.8 0.40%
DJI 24263.3 24330.1 24211.5 0.49%