What Would Synlait Be Worth to Fonterra or a2 Milk?
Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.
Initially, Fonterra and DOC will work with local communities to make a difference to the water quality at five waterways in key dairying areas:
• Kaipara Harbour
• Firth of Thames
• Waikato Peat Lakes
• Te Waihora-Lake Ellesmere
• Awarua-Waituna
As part of Fonterra's Living Water initiatives, Fonterra director John Monaghan and the Minister of Conservation Dr Nick Smith officially launched the 10-year investment at Lake Areare, a Peat Lake in the Waikato.
Monaghan says Fonterra and DOC will work together to make these waterways living examples of how dairy farming and natural New Zealand environments can work alongside each other.
DOC director general Al Morrison said quality waterways are pivotal to maintaining the healthy environments which protect native wildlife and also underpin a sustainable dairy industry.
As the expert in conservation and biodiversity, DOC will work with Fonterra, local communities, iwi and farmers to help clean up waterways and wetlands at the five selected catchment areas. This will include planting trees alongside streams and rivers to improve water quality, managing pests and weeds and making sure that the right habitats are in place around farms to enhance biodiversity and provide homes for native fish and birds.
Monaghan says the work with DOC will build on the good progress made by Fonterra's Catchment Care programme, which has seen improvements to two million square metres of land and waterways through planting, weeding and other volunteer work over the past three years.
"Working together with DOC is part of Fonterra's Living Water initiative and the long-term commitment we are making to do what's right for the land and waterways in their communities," he says.
Monaghan says that while improving water quality and on-farm water management practices has been a priority for Fonterra and our farmers for a number of years, the dairy industry still has work to do.
"This initiative with DOC is part of our ongoing determination through all of our Living Water initiatives to work together, and engage with local communities to make a real difference to the health of waterways."
Local Waikato farmer, Bas Nelis, says it is great Fonterra is working on both sides of the farmgate to make a difference to water quality and the environment.
"I believe farming is going to be here for a long time ahead of us, I'm still young so I want to look after this farm for the next generation, for my kids, to make sure it is sustainable for the future."
For more information, visit fonterralivingwater.com
