Meanwhile, AgriSearch is to seek enhanced funding levels courtesy of the levies paid by dairy, beef, and lamb farmers in Northern Ireland.
The body, which was established in 1997, plays a key role in delivering production-focussed research projects.
The organisation’s strategy manager, Jason Rankin, commented: “We are at early stage of an engagement process with the various stakeholder bodies.
"Our levy system is voluntary in nature: it is in no way statutory.”
AgriSearch total levy income currently amounts to £400,000 per annum. The objective is to secure a doubling of this figure during the period ahead.
Rankin said: “Analysis confirms that the work carried out under the aegis of the various AgriSearch projects completed over the past two decades has delivered some £70 million in terms of added value to agriculture in Northern Ireland.