With 1400 dairy cows on three properties in the Waikato, Mr Baldwin is concerned he is too reliant on milk, given the state of the dairy industry.
He is seeking to diversify and become more involved in the beef industry, seeing the future for beef as bright.
He is also intending to stand for the board of Alliance Group when nominations for two impending vacancies open in October.
As he was a dairy farmer, the low milk price was ''clearly concerning'' but Mr Baldwin was more worried about Fonterra itself.
The cure for low prices was low prices and eventually farmers would stop producing milk, there would be a shortage and the price would go up, he said.
He was particularly concerned about the poor return on investment for farmers, farmers leaving the co-operative and high debt levels.
''The milk price will come again but Fonterra's woes could be a bit longer than that,'' he said.
If farmers continued to leave the co-operative, he was concerned that could lead to an overcapacity issue.
Mr Baldwin, who has previously stood unsuccessfully for the Fonterra board, said sheep and beef might have had a difficult few years, but he believed the sector was looking ''really, really strong''.
He now wanted diversity, with some exposure to milk but also a significant increase in beef.
Mr Baldwin grew up on a sheep and beef farm in the Waikato and was in his late teens when his father converted to dairy, one of the last farms in the region to do so.
After completing a master's degree in animal science at Massey University, he became a dairy farmer. In 2009, he and his wife, Marilyn, won the supreme award in the Ballance Farm Environment Awards for the Waikato region.
As a supplier to Alliance Group's plant in Levin, he had become a shareholder. It was a good company with a strong balance sheet and a lot of opportunity, he believed.
A director of Ballance Agri-Nutrients and LIC, along with registered charity Trinity Lands, he believed it was ''critically important'' to have experienced directors around the board table.
Two vacancies have arisen on Alliance Group's board, with Murray Donald and Doug Brown both stepping down at this year's annual meeting in December.
Asked for his thoughts on current industry debate on restructuring, Mr Baldwin said he would ''absolutely'' consider a well-analysed proposal, if it was presented to the board and showed there were significant benefits in a merger with Silver Fern Farms.
Although Alliance Group had two plants in the North Island, at Dannevirke and Levin, he was very aware that Southland and Otago was where the majority of eligible voters were.
He intended basing himself in the South for several days a week over the next two to three months.
In a recent letter to shareholders and suppliers, chairman Murray Taggart said the vacancies provided a good opportunity for shareholders with the ''right mix of energy and skills'' to consider standing.
Desirable key attributes included governance and commercial experience, business acumen and financial literacy, strategic vision, a network of farmer and business contacts, and experience working for a major corporate company along with a global perspective.
