Prem Maan, executive chairman of Southern Pastures which owns Lewis Road Creamery. Southern Pastures - the owner of Lewis Road Creamery - is to get discounts on the interest rate of its loan if it meets certain environmental targets in a deal with the BNZ and its funding syndicate. It will see Southern Pastures receive financial incentives for meeting water quality and biodiversity targets and reductions in on-farm carbon emissions. "The environmental targets linked to the loan are ambitious and go beyond compliance minimums – achieving them will require innovative on-farm planning, practices and reporting," Muir said. Discounts to interest rates will be applied during the term of the loan provided interim and final targets are met and verified.

Source: New Zealand Herald March 01, 2021 00:41 UTC