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Cattle in Hinchinbrook.
Hinchinbrook beef producers could benefit from new cattle breeding technology after the Queensland Government announced a $2 million investment in agricultural biotechnology company Nbryo.
The investment is the first made through the $30 million Sowing the Seeds of Farming Innovation Fund, established to support technology aimed at improving productivity, profitability and sustainability across Queensland’s primary industries.
The Queensland-based company is developing advanced cattle breeding technology capable of reducing seven years of selective breeding into seven days. The investment, managed by Queensland Investment Corporation, will help Nbryoexpand its technology and improve producer access to superior livestock genetics, with the potential to reduce production costs and improve productivity for beef and dairy producers.
Minister for Primary Industries Tony Perrett said the investment would help Queensland producers make use of emerging technology.
“Queensland is home to almost half Australia’s beef herd, and this investment will help accelerate technologies that improve access to superior genetics, reduce costs and support a more productive and profitable beef and dairy sector,” Minister Perrett said.
"As a beef producer myself, I know how important it is to maximise productivity and make every dollar count. Nbryo is developing technology that has the potential to make advanced breeding tools more accessible and affordable for producers, helping them improve herd performance and profitability.
"The Sowing the Seeds of Farming Innovation Fund is about backing Queensland innovators with great ideas and helping them turn those ideas into practical solutions that deliver real benefits for producers."
Nbryo Chief Executive Officer Paul Niven said the investment would support the company’s next phase of growth.
"Queensland has an incredible opportunity to lead the world in agricultural technology innovation. We're proud to showcase the work being undertaken at Nbryo and the role advanced reproductive technologies can play in helping make better herds faster," Mr Niven said.
The Government has set a target of growing Queensland’s primary production industry to $30 billion by 2030, with the fund intended to help move agricultural innovations from development into practical on-farm applications.
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