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3 News: $15M genetics funding bad economics – union

A $15 million government investment to improve the genetics of New Zealand lamb and beef is bad economics, the Taxpayers' Union says.
The Government this week announced it the investment, over five years, as part of a new partnership with Beef + Lamb New Zealand Genetics.
The Government's $15M contribution will make up part of the $8.8M spent annually on researching genetic improvement in cattle and sheep.
Science and Innovation Minister Steven Joyce said the Government is committed to investing in research that benefits New Zealand. Click here to read more.

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