LIC pulls back from requirement to make farmers sign a contract in 2017
LIC Ireland has confirmed that its Irish customers will not be required to sign a new contract in 2017.
It has announced that it will be extending its timeline in requesting Irish farmers to sign a new agreement with the company.
It says the decision has been made in the wake of what is described as ‘confusion within the market’ around the implications its proposed new arrangements with customers.
LIC Ireland said it is working hard to ensure that there is a better understanding amongst their customers.
It says in an effort to find a solution that will support Irish farmers, the Irish dairy industry and protect the investment that LIC have made it endeavours to collaborate with its partners over the next six months to reach an agreement that satisfies all parties.
LIC Ireland said the company is under greater pressure to protect its intellectual property.
This it said is due to the significant investment in herd improvement and genetics made by LIC in New Zealand, and the newly introduced EU regulations recently reviewed meaning that In-Quarantine regulations have gone from 104 days previously, down to just 30 days for LIC’s European Bull Stud, this has enabled LIC to process more of their elite genetics earlier than ever before, offering Irish customers a wider range of choice.
It says these quarantine changes have meant that elite “high-demand” sires are available for use in Ireland before they can even be used in New Zealand in some cases, meaning LIC must protect its IP.