A joint action plan has been agreed between the agricultural sector, government and Maori on emissions pricing. The plan, that will run alongside New Zealand's Emissions Trading Scheme will see farmers and growers calculate their emissions and offsets at the farm gate by 2025.
Farmers will pay no additional levies or charges in the meantime and the Government will be heavily supporting farmers to make the transition.
If this new scheme is not established, agriculture will be folded into the ETS by default in 2025 and if the Government feels agriculture is not moving fast enough it could even be brought in as early as 2022.
Kathryn talks to DairyNZ chief executive Dr Tim Mackle.