LIC to acquire a 50% stake in Afimilk for $70m.

Livestock Improvement, a multinational farmer-owned co-operative, offered to acquire a 50% stake in Afimilk, a provider of advanced computerized systems for the modern dairy farm and for herd management, for $70m. Afimilk’s current shareholders are Kibbutz Afikim and Fortissimo. LIC Chair Murray King says the investment will help give LIC access to the data it needs to deliver superior herd improvement services and agri-tech for New Zealand farmers into the future and will improve access to onfarm technology solutions.