GreenCollar acquires Devine Agribusiness Carbon

GreenCollar acquires Devine Agribusiness Carbon

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Specialist environmental company GreenCollar has acquired Devine Agribusiness Carbon.

Specialist environmental company GreenCollar has acquired Devine Agribusiness Carbon.

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Specialist environmental company GreenCollar has acquired Devine Agribusiness Carbon.

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MAJOR environmental company GreenCollar has acquired Devine Agribusiness Carbon, aiming to provide primary producers with greater access to growing carbon market and production opportunities.

GreenCollar - which has more than 30 operational carbon projects - has been working in Queensland since 2014, partnering with graziers to develop carbon farming projects that work alongside their existing operations.

DAC was founded a decade ago by Dominic Devine and business partners, Graham Kenny and Scott Kostecki, each of whom holds extensive industry experience as agribusiness consultants, rural valuers and graziers who have applied integrated carbon faming to their own operations.

Dominic Devine says taking DAC to GreenCollar would ensure carbon farming continued to reward Queensland producers for their land stewardship and best practice grazing management.

Dominic Devine says taking DAC to GreenCollar would ensure carbon farming continued to reward Queensland producers for their land stewardship and best practice grazing management.

DAC was established in response to growing demand for carbon farming in regional Queensland, and to provide a model to integrate carbon and grazing in productive zones.

Mr Devine said taking DAC to GreenCollar would ensure carbon farming continued to reward Queensland producers for their land stewardship and best practice grazing management.

"The decision to sell was a tough one but GreenCollar is the best with a proven track record working in the application of environmental initiatives to grazing businesses," Mr Devine said.

"As a grazier myself, I care deeply about regional communities and, 10 years ago, identified carbon farming as a way to generate additional on-farm income to help fund infrastructure and other improvements to create more resilient, productive and profitable rural enterprises."

GreenCollar chief commercial officer Dave Moore said the aligned values and approach of the two businesses drove the transaction.

"Like DAC, every one of our projects is based on active land management and builds income for farmers through their stewardship," Mr Moore said.

"The projects improve land condition, grow soil health and create economic opportunity through gains in efficiency and productivity."

Mr Moore said Australian agriculture was currently experiencing a once-in-a-generation opportunity to capture the diverse benefits of carbon farming.

"Through carbon farming, producers are being paid to improve the landscape and the environment," he said.

"These opportunities are substantial and they are growing, as international markets look for produce that is developed clean and green."

MORE READING: 'New focus on safe farms'.

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