INDEPENDENT meat and livestock industry analyst Simon Quilty has identified a series of issues he will try and address in a new research project looking into greenhouse gas reduction in overseas agricultural systems.
Mr Quilty flew out to the United States at the weekend for the start of a Churchill Fellowship – which will see him attend government meetings, farms and universities across North America and look into how they are working to reduce emissions.
The trip will involve meetings with the US Department of Agriculture, Canadian farmers, governments and agricultural groups, the International Livestock Congress at the Houston Livestock Show and University of California Davis – which is the base of well-known researcher Frank Mitloehner.
Mr Quilty said he was mainly looking to see how North America was incentivising and rewarding farmers who were reducing emissions.
“California is completely unique with its approach to greenhouse gas emissions and they have a very effective way to reward farmers.” He said.
“From an Australian point-of-view all of these schemes will be fascinating to look at.”
As chief executive of Global AgriTrends Pty Ltd, Mr Quilty annually explains global meat and livestock trends to hundreds of Australian farmers, lotfeeders and meat processors to assist their business strategies. He expects his fellowship findings to help educate market participants in understanding and participating in current and future reduction schemes.
Common threads emerging in initial discussions
With his initial inquiries in organising the trip, Mr Quilty said he had noticed four common threads.
- Leakage – the possibility of one country ignoring all greenhouse gas emission rules and lowering cost of production.
- Need for common measurement – “when we are comparing methane across countries, are we comparing apples-with-apples. At the moment there isn’t a common metric used.”
- Panic – some concerns about the pace at which change is happening and the possibility that regulations will keep changing with the political cycle.
- Doubling up of research – there is no common ledger of all the researching happening in the GHG reduction space.
- Rewarding farmers – Mr Quilty said some jurisdictions across the world are not adequately awarding farmers for emissions reduction and there is some concern.
Mr Quilty stressed that the common threads were preliminary thoughts and the next two months of research will determine his answer to the questions.
“You look at a country like New Zealand where they have measured carbon levels on 90pc of the properties and you have to take your hat off to them for being so advanced,” he said.
“But that raises a lot of questions about how it can be applied to other countries and how that can become a common thread among other countries. But I can’t answer those questions until I do the research.”
Three silos of research
With the common threads starting to take shape in Mr Quilty’s research, the study will be conducted in three main “silos”.
- Identifying all the different types of research happening in the field.
- Looking at government and corporate policy across all the countries – meeting with organisations like McDonalds.
- The mechanisms being used to reward people, particularly farmers, who are reducing GHG emissions.
“It is about looking at the market mechanisms alongside market access and what happens if countries do not reach a certain target,” he said.
Beef Central will provide an occasional update on Mr Quilty’s findings during his study tour.