Investment in dairy research a win for growing industry

Thursday 17 December 2015 | From Dairy Australia

 AgriBio launch

Victorian Agriculture Minister Jaala Pulford and Dairy Australia Chair Geoff Akers today announced joint State Government and Dairy Australia funding for DairyBio – a research initiative that will deliver new innovations in forages and dairy herd genetic improvement.

This move by the Victorian government to join with the national Research and Development Corporation for the dairy industry to jointly invest $45 million over 5 years in a strategic partnership for innovation in dairy bioscience will drive ongoing improvement in productivity and profitability for this crucial Victorian and national primary industry.

“The investment in DairyBio will generate an estimated $2.5 billion over 25 years in nation-wide returns for producers with associated economic benefits including jobs in regional communities.  In this sense the joint venture is ultimately excellent news for dairy farmers right across Australia, not exclusively those farming here in Victoria,” said Ms Pulford.

Dairy bioscience continues to provide the best option to substantially improve the key resources of pasture feedbase and herd for the dairy industry.  Bioscience breakthroughs and applied learning in both these vital areas increase the yield, quality and persistence of pasture and enhance the productivity of our cows.

“Cutting-edge research is crucial if Australia’s dairy farmers are to continue building profitable and sustainable businesses long into the future, and I am delighted the research investment announced today will generate returns for dairy farmers and the broader industry over the next 25 years,” said Mr Akers.

“The international market opportunities for Australian dairy are growing and DairyBio will ensure those opportunities will be underpinned by scientific expertise,” he added.

Building on dairy bioscience developments achieved by the Dairy Futures Cooperative Research Centre (CRC), and given the CRC funding is set to lapse, this new bioscience initiative between Dairy Australia and the Victorian Government ensures the excellent work being conducted by our scientists at the AgriBio facility at Bundoora will continue for maximal impact for our dairy industry.

“The Australian Government welcomes this significant collaboration in dairy research and innovation between Dairy Australia and the Victorian Government,” said Hon. Barnaby Joyce MP Minister for Agriculture and Water Resources.

“The Australian Government invests in agricultural research and development which is why the Commonwealth is proud to invest $22.3 million this year alone in matching research funds to Dairy Australia enabling it to enter into this exciting DairyBio joint venture.”

The investment announced today represents a major commitment by the State Government, the dairy industry and the Federal Government. It demonstrates Victoria, and Australia’s strong credentials towards building strategic partnerships for innovation in agriculture.

Dairy Australia 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 with the goal of making dairy farms more profitable.

Dairy Australia Media Enquiries:

Mark Pearce, Media Manager - Dairy Australia
03 9694 3809 / 0417 540 059 / mpearce@dairyaustralia.com.au