The Bill will have implications for farming from 1 July 2012 onwards under the Carbon Farming Initiative which is designed to create economic rewards for farmers and land managers who reduce pollution or store carbon in the landscape.
An ongoing Biodiversity Fund ($946 million over the first six years) will be established for projects to protect biodiverse carbon stores and secure environmental outcomes from carbon farming.
An ongoing Carbon Farming Futures program ($429 million over the first six years) is designed to help farmers and landholders benefit from carbon farming by supporting research and development, measurement approaches and action on the ground to reduce emissions or store carbon, including support for conservation tillage equipment.
CANFA will be keeping an eye on the passage of this Bill and getting a better understanding of it and its impact on you as our members. We would be interested in your thoughts on this matter so please take the opportunity to post your thoughts here in the comments.
- Neville
For commentary on the media commentary of this week's Federal politics, check out Crikey.com's article online.
