Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
Fonterra will shortly be introducing a Scope 3 emissions target, which will seek to reduce emissions intensity on supplying farms.
Chief executive Miles Hurrell told the International Dairy Federation's world dairy summit in Chicago last month, working with farmers to collectively achieve this goal is imperative for the co-op.
"We already provide farmers with insights reports which detail their individual farm's greenhouse gas emissions," he says. "By knowing where their emissions come from, farmers can see where they need to take action on farm."
Fonterra's plan to introduce a Scope 3 emissions target was first announced at its annual general meeting one year ago.
The co-op had initially planned to release the target around June. However, the co-op delayed it by six months after pushback from farmer shareholders, already under pressure from rising interest rates, soaring farm input costs and lower farmgate milk price.
Fonterra claims it is facing pressure from overseas markets, big customers and banks to improve sustainability. While the co-operative has been reducing its Scope 1 and 2 emissions, generated primarily by its manufacturing sites and transport operations, it hasn't yet set a target for Scope 3. These cover indirect emissions from its farm suppliers and account for more than 90% of its tally.
Fonterra claims New Zealand's pasture-based farming model produces low carbon dairy with a footprint one third the global average. Hurrell points out that despite this natural advantage, they're always looking to improve, so that the co-op can continue to meet the needs of customers, regulators, and financial institutions.
"But we also know that finding a solution to methane will be a huge unlock for our farmers' emissions profiles. Agriculture makes up almost half of the New Zealand's domestic greenhouse gas footprint, so we know as an industry and a country we must find a solution."
Hurrell says any methane solution must do four things - it must be good for the cow, good for the milk, good for farmers, and of course good for the planet.
He adds that it is no easy task, but the co-op can achieve more through partnering with others. One of these partnerships is between New Zealand agri-industry and Government, in a Joint Venture called AgriZeroNZ. Over the next three years around $165 million has been committed to accelerate the development of emission mitigation tools and technology through targeted emissions.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
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