COMMENT by Rebecca Howard, of BusinessDesk

New Zealand's listed dairy companies don't argue the need to reduce agriculture emissions, but could the cost eat into investor returns?

Analysts say the risk is minimal but warn of challenges down the track given a likely lift in carbon prices and a greater volume of emissions the sector eventually must stump up for.
They also see Synlait Milk and Fonterra as more exposed than A2 Milk.

The Interim Climate Change Committee report , released this month, recommended agricultural emissions be priced through the emissions trading scheme at processor-level as soon as feasible, ideally