Article

Australia could see up to 18 million hectares of agricultural land shift to carbon sequestration by 2050, as modeled by the Australian Bureau of Agricultural and Resource Economics and Sciences. This change is projected to achieve 119 million tonnes of abatement and affects high-rainfall productive areas.

The transition could reduce agricultural export revenue by $2.8 billion annually while carbon sequestration income might reach $9 billion. Approximately 40% of farms would fully convert to carbon activities, raising concerns about regional employment and economic impacts. The National Farmers' Federation emphasizes that the decision to convert land should remain with farmers.