Victorian Government and Dairy Australia announce strategic partnership for innovation in dairy bioscience

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Image credit: Dairy Australia

The Victorian Government and Dairy Australia will jointly invest $45 million over five years in a research initiative designed to deliver new innovations in forages and dairy herd genetic improvement.

Image credit: Dairy Australia

Victorian Agriculture Minister Jaala Pulford said the DairyBio initiative would 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,” Ms Pulford said.

“In this sense the joint venture is ultimately excellent news for dairy farmers right across Australia, not exclusively those farming here in Victoria.”

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According to the minister, the strategic partnership has the potential to unlock the key resources of pasture feedbase and herd for the dairy industry, both of which are vital in increasing yield and the productivity of cows.

Image credit: Dairy Australia
Image credit: Dairy Australia

“There is no doubt that this historic agreement again highlights how integral Victoria is to Australia’s $13 billion dairy industry. DairyBio is a win for farmers but of course the benefits of this joint initiative will be felt right through the dairy industry which employs thousands and exports billions,” Ms Pulford added.

“Victoria’s dairy sector is mature, well organised, internationally competitive and accounts for approximately 85 per cent of Australia’s dairy product exports, today worth over $2 billion.”

Dairy Australia Chair Geoff Akers said the initiative builds on dairy bioscience developments achieved by the Dairy Futures Cooperative Research Centre, allowing scientists at the AgriBio facility at Bundoora to continue to deliver maximum impact for Victoria’s dairy industry.

“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,” Mr Akers said.

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

Minister for Agriculture and Water Resources Barnaby Joyce also welcomed the announcement of the collaboration in dairy research and innovation between Dairy Australia and the Victorian Government.

“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,” Mr Joyce said.