The Government has announced that it will attempt to eradicate the cattle disease mycoplasma bovis.
The decision announced today will see the “phased eradication” of the disease with most of the work undertaken over the next one to two years, but the work will likely continue for 10 years.
The full cost of eradication over 10 years is projected to be $886 million. That figure is comprised of $16 million in lost production and $870 million as the cost of response.
The Government will meet 68 percent of the cost, while DairyNZ and Beef+Lamb New Zealand will meet 32 percent.
The alternative plan, long term management of the disease, was estimated to cost $1.2 billion.
Mycoplasma bovis has not been eradicated from any country where it has been found. But the Government hopes the early discovery in New Zealand gives them a chance of eradicating it here.