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OPINION: Westpac is the latest bank to tell its farmer clients to meet the climate targets it has set.
The bank has set a target of lowering emissions per unit of meat or milk by 9% across its sheep and beef lending and 10% for dairy.
The bank has used the same intensity-style target Fonterra used to set its Scope three emissions target. Buit Westpac hasn’t set an outright reduction goal, saying it wanted to work with farmers on improving practices.
Fonterra warned farmers that banks were also linking loans to emissions profiles of farms.
A hypothesis in a major dairy research programme that bulls genetically proven to be low methane producers could pass this trait onto their lactating daughters has been proven to be incorrect.
New research suggests sheep and beef farmers could improve both profitability and emissions efficiency by increasing lamb weaning weights, with only marginal changes in total greenhouse gas emissions.
Reducing emissions is a constant battle at Yealands Wines in the Awatere Valley, with nearly 20 years chipping away at carbon.
A new Westpac NZ community banking van begins making visits around Northland this week.
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
OPINION: For thousands of Southland farmers, this week would have tipped them into the non-compliant category when it comes to following regional freshwater plan rules. But the Government has stepped in to give them the clarity they deserve.
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