LIC to pay $109m for agri-tech company stake

Wed, 19 Feb 2020

Livestock Improvement Corporation says buying into Israeli dairy farm management firm Afimilk Agricultural Cooperative will give it access to industry-leading milk meters and cow wearable technology, while also strengthening herd improvement services through access to international herd data.LIC is seeking shareholder approval to acquire a 50 percent stake for $108.7 million. “It’s vital we keep our world-leading edge in pastoral dairy farming data, while broadening access to new information to meet future needs and challenges. The propose...

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