Greenhouse gas pricing will see farmers exit - Fitch

Mon, 11 Jan 2021

Fitch Group expects marginal livestock producers to exit the New Zealand market in the coming years as government greenhouse gas emission pricing starts to bite behind the farm gate.In its outlook for the NZ agriculture sector, Fitch Solutions said that while it expects the livestock and milk production sectors to adapt to planned GHG pricing from 2025, methane reduction targets will be a greater challenge to farms, with rising on-farm costs hitting less profitable farmers harder.But some farms may benefit from selling carbon credits through em...

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