Venture aims to boost profit from cattle

Last updated 08:18 13/12/2012

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Extracting more value from a cattle carcass has convinced the Government to split costs in an $87 million research project with meat exporter Anzco Foods.

Each partner will produce half the funding under the Government's Primary Growth Partnership (PGP) scheme, which has invested more than $650m in joint government-industry projects since it began.

The co-funding will be carried out over seven years for the new Foodplus programme.

Foodplus will identify new products, with a focus on low-value parts of the beef carcass.

Ministry for Primary Industries director-general Wayne McNee said adding more value to meat carcasses was essential for the future success of the meat industry. Fairfax NZ

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