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Government Funds Dairy R&D to Build A More Profitable Industry - Dairy Australia has been successful in receiving Government funds in the first round of grants under the $100 million Rural Research and Development (R&D) for Profit Program - DairyAustralia.com.au
Government Funds Dairy R&D to Build A More Profitable Industry

 

PRZOOM - /newswire/ - Southbank, Victoria, Australia, 2015/05/06 - Dairy Australia has been successful in receiving Government funds in the first round of grants under the $100 million Rural Research and Development (R&D) for Profit Program - DairyAustralia.com.au.

   
 
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Managing Director Ian Halliday thanked the Government for its announcement and said he was delighted the projects are being funded as they will make “…an important contribution to creating more profitable dairy businesses”.

“Research and Development is at the heart of building a profitable, innovative and sustainable dairy industry and I am sure these projects will have a positive impact on the bottom line of every dairy business in the country,” said Mr Halliday.

The funded projects involving Dairy Australia are of three years in duration and will commence this year. The projects are:

$927,273 for MIR for profit: The Mid-Infrared (MIR) spectrometry for Profit project will develop new tools to help dairy farmers manage and select the most profitable cows by using technology to scan milk samples for genetic, health and production information. The results will inform breeding decisions to improve the genetics gain of the national herd.

$1,595, 000 for Co-innovation to increase the profitability and productivity of dairy: This project will research methods of increasing private extension services to primary producers in order to increase producer uptake of new technology and profitability.

The project will identify user needs, demand for services and barriers to using these services. Tools and an online portal will be developed to support extension and make sure R&D results are available. The project will build professional extension capacity in the private sector.

$4 million for Smarter irrigation for profit: A partnership between the major irrigation industries of cotton, dairy, rice and sugar led by the Cotton Research and Development Corporation (CRDC) in conjunction with Dairy Australia, the Rural Industries Research and Development Corporation (RIRDC), Sugar Research Australia and other research partners.

The project aims to improve the profit of each individual irrigator enterprise across the four industries by $20,000-40,000 per annum, with the support of 16 R&D partners and up to 19 farmer-managed learning sites.

$862,693 for Waste to revenue: This project with find ways to turn agricultural waste into feed, fertilisers and soil conditioners reducing on-farm costs, enhancing sustainability and providing producers with new opportunities to generate income.

“R, D&E plays a vital role in driving innovation to help farmers improve productivity and profitability,” said Australian Dairy Farmers President, Noel Campbell.

“The projects receiving funding in the first round will contribute significantly to the continued development of our industry’s long-term sustainability."

Dairy Australia (dairyaustralia.com.au) is the national services body for the Australian dairy industry. The company acts as the collective investment arm of the industry, investing in essential research, development, extension and industry services.

 
 
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Agency / Source: Dairy Australia

 
 

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Government Funds Dairy R&D to Build A More Profitable Industry

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Contact: Mark Pearce - DairyAustralia.com.au 
+61(3) 9694 3809 / (4) 1754 0059 (Mobile) mpearce[.]dairyaustralia.com.au
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Dairy Australia securities in any jurisdiction including any other companies listed or named in this release.

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