GreenCollar, Australia’s largest environmental markets investor and project developer, has today announced its acquisition of highly-regarded Devine Agribusiness Carbon (DAC) in a transaction poised to deliver Queensland primary p roducers greater access to growing carbon market and production opportunities.
GreenCollar has been working in Queensland since 2014, successfully partnering with graziers to develop carbon farming projects that work alongside their existing operations. It has over 30 operational carbon projects across the State and a strong track record of innovation in the region.
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. The group established DAC 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, ten 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.
“We’re delighted this important work will now continue in Queensland through GreenCollar – a proven leader in environmental markets and carbon projects.”
GreenCollar Chief Commercial Officer, Dave Moore, said the aligned values and approach of the two businesses drove the transaction.
“It was a no-brainer for us,” Mr Moore said.
“Like DAC, every one of our projects is based on active land management and builds income for farmers through their stewardship. The projects improve land condition, grow soil health and create economic opportunity through gains in efficiency and productivity.”
Mr Moore said Australian agriculture was now 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.”