Farming for the future
The Carbon Farming Futures program will include specific support for conservation tillage equipment. This will be delivered by a 15 per cent refundable tax offset for eligible equipment. This will incentivise farmers to move to zero till and minimum tillage farming techniques which can enhance soil carbon, water retention and productivity.
Farmers will be required to participate in research and methodology development to assist efforts to settle methods for crediting soil carbon under the Carbon Farming Initiative.
Carbon Farming Futures
The Carbon Farming Futures program will deliver $429 million over six years to help farmers and other landholders benefit from financial opportunities under the Carbon Farming Initiative:
- support will be provided for research to investigate new ways of storing carbon and reducing emissions in the land sector, including biochar and biofuels
- this ongoing program will support landholders to take action such as testing new ways to increase soil carbon and reduce emissions
- new funding will be made available to test more effective methods for measuring carbon stored in soils and to integrate carbon farming into everyday farm business
- extension officers and outreach activities will give landholders access to information to help them benefit from carbon farming.
These measures will improve the sustainability and profitability of Australian farmers and landholders.
For more information see Chapter 9 – Creating opportunities on the land.
For further information about the Australian Government’s plan for the land see: