Entrepreneurship - IFMAOnlineifmaonline.org/wp-content/uploads/2018/01/PL2.2_PR_entrepreneurs… ·...

Entrepreneurship

David AlvisFIAgrM

21st International Farm Management Congress, John McIntyre Conference Centre, Edinburgh, Scotland, United Kingdom

July 2017 - www.ifmaonline.org - Congress Proceedings Page 1 of 56

entrepreneurshipɒntrəprəˈnəːʃɪp/noun1.the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

William Gibbs(1790–1875)

‘William Gibbs made his dibs…

…Selling the turds of foreign birds’

Innovative entry by entrepreneurs was the ‘disruptive force that sustained economic growth’,

even as it destroyed the value of established companies that enjoyed some degree

of monopoly power derived from previous technological, organisational, regulatory, and

economic paradigms.

This came to be known as Schumpeter’s theory of ‘Creative destruction’

The Austrian-American economist Joseph Schumpeter was one of the first

scholars to theorise about entrepreneurship and summised….

Joseph Schumpeter (1883-1950)

Entrepreneurship in Agriculture

Kaukana, Wisconsin, USA1994

Fair Oaks, Indiana, USA1998

…from ‘Stool ‘to Fuel

Powered by Poop…

$90 million

$1billion

Meanwhile… back in Blighty!

UK’s largest Goat Milk producer…

…milking 8,000 goats on 2 sites in

East Yorkshire

…producing over 10 million

& 10,000 tonnes of…

…every year

without upsetting the neighbours!

Current Herd Average Yield

1,400 litres per annum

or 4 litres per goat per day

UK Average Yield

<1,000 litres per annum

or <3 litres / goat per day

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Herd Average Annual Yield (litres)

YDG Long- term trendline

Current yield projection

YDG Herd Historic & Projected Average Yield

UK Average yield (est.)

Genomics

What can Genomics do for us?

Earlier & more accurate identification of Elite Animals

Shorter Generation Interval

Faster Genetic Improvement

GenomicsHow it works…

Goat genome

2.9 Billion base pairs60 Chromosomes

Human Genome

3 Billion base pairs46 Chromosomes

Each contains over 20,000 individual genes…

…of which 80% are common to both species

Single Nucleotide Polymorphism (SNP)

A single nucleotide polymorphism (SNP), a variation at a single site in DNA, is the most frequent type of variation in the genome..

..as ‘SNPs’ are highly conserved throughout evolution and within a population, a map of SNPs serves as an excellent genotypic marker for research

Cross referencing SNP markers with observed ‘Phenotype’ or trait data enables increasingly accurate Genomic Estimated Breeding Value (GEBV) predictions

15,000 Genotypes

>1,000,000 phenotypic records

From > 40,000 animals

Genomic

Estimated

Breeding

Values

Dairy Goat Genomics - Phase 2

18,000 animals will be Genotyped by 2018, increasing the accuracy of existing Genomic Breeding Values and

establishing GEBVs for new target management traits …

Mastitis Resistance Out of Season Breeding Feed Conversion Efficiency & Longevity

2017 2018

External Validation

The Genomic ‘Key’ has been successfully tested on Dairy Goat herds from…

UK Netherlands New Zealand

• Entrepreneurship is the foundation of economic growth

• Opportunities often arise out of uncertainty

• UK Agriculture will continue to benefit from one of the worlds highest value domestic markets

• Global demand for food will continue to rise

• Innovation, Risk Management and Consumer engagement are key to success

• But above all, do not be afraid to …

In conclusion

Thank you

da@yorkshiredairygoats.co.uk

Entrepreneurship - IFMAOnlineifmaonline.org/wp-content/uploads/2018/01/PL2.2_PR_entrepreneurs… ·...

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