As per the media reports, impressive investment is being maintained by Industry organization Meat and Wool New Zealand, amidst recession in research and development (R&D).

The company, according to CEO Scott Champion, has maintained a healthy value in research and development investment, by predicting matching funding from the government's Primary Growth Partnership fund.

The company had promised $190 million over the next four years towards the fund, which is a part of the government's Budget delivered in May.

A sum of $2 million each would be distributed by the government to five different sectors: pastoral (including wool), horticulture, seafood, forestry and wood products, and food processing.

Champion said: "Investing in science gains the knowledge farmers need to meet challenges and improve productivity."