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Source: ONE News -
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Industry organisation Meat and Wool New Zealand is maintaining solid investment in research and development during the recession.
CEO Scott Champion says it has maintained strong value in research and development investment by anticipating matching funding from the government's Primary Growth Partnership fund.
The fund is part of the government's Budget delivered in May in which it committed $190 million over the next four years towards the fund.
The government will distribute $2 million each to five different sectors: pastoral (including wool), horticulture, seafood, forestry and wood products, and food processing.
Champion says investing in science gains the knowledge farmers need to meet challenges and improve productivity.
He says the levy proposal reflects the fact farmers want to see investment in research and development that is relevant to them and delivers value to their farm business.
