LIC is selling its Deer Improvement subsidiary business, which includes a farm in Southland and more than 2000 animals. The going concern sale, expected to be completed in early October, included the 390ha Balfour property, artificial breeding collection and laboratory facilities and the deer herd. LIC, a dairy farmer-owned co-operative, established Deer Improvement in 2003 as part of a multi-species strategy which identified deer as an industry which could benefit from the co-operative's experience and transferable knowledge in animal breeding. ''LIC has generated significant genetic gain for the deer industry with Deer Improvement and the sale is a natural progression for the business. ''The new owners are great advocates for the deer industry and will take the business into the next phase of its growth,'' she said.

Source: Otago Daily Times July 25, 2017 18:00 UTC