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According to the latest report from the USDA Global Agricultural Information Network (GAIN), the dairy industry across the EU faces low profitability due to high production costs and relatively low milk prices.

Denmark is going to start charging farmers 100 euros per year per cow. What is the emotional factor? It is a new tax on CO2 emissions. The first of its kind in the world. According to the latest figures, Denmark had 1,484,377 cows in its territory in 2022. The agreement is part of the green policies that the country is implementing and with which they intend to reduce the number of greenhouse gases in the atmosphere. It has been signed by the Government, farmers and unions and the proposal is as follows: 300 Danish crowns (approximately 40 euros) per tonne of CO2 from 2030. And in 2035, the tax will be increased to 750 crowns (approximately 100 euros). How will the Government participate in this policy? A 60% tax reduction will be applied at the beginning of the entry into force of the tax. In short, farmers will be charged 120 crowns (approx. 16 euros) per tonne of livestock emissions per year from 2030. After applying the tax reduction mentioned above

Livestock are responsible for 14.5% of greenhouse gas emissions, more than all the world's cars and trucks combined. And about 40% of livestock's global warming potential comes in the form of methane, a potent greenhouse gas formed as they digest their fibrous diet. New tools to reduce livestock's methane emissions are on the way.