Fonterra Supports Efforts Under Way To Tax Emissions From Agriculture

Fonterra supports the efforts under way to tax emissions from agriculture. New Zealand’s largest company has not commented on the He Waka Eke Noa partnership between industry lobby groups and the Government aiming to work out some way of pricing and taxing agricultural emissions. He Waka Eke Noa has put forth several proposals to cost emissions and DairyNZ and Federated Farmers are part of the process. They have faced serious pressure from farmers for their participation, most notably through the Groundswell movement. Miles Hurrell currently with the Prime Minister’s business delegation in Japan says Fonterra broadly supports it and farmers understand that sustainability is a useful selling point for customers. He Waka Eke Noa has not yet decided on a single option for pricing emissions and is currently digesting feedback from 7000 people. It will present a final option for the Government to make a decision on by December.