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Farm Revenue to fall under climate plan

Posted on 23 February 2009

From Bloomberg: Australian farm revenue may decline A$2.4 billion ($1.5 billion) a year by 2020 under the government’s carbon pollution-reduction system, the Australian reported.

Losses to the farming sector would balloon to A$10.9 billion a year by 2030, driven by declines of more than 20 percent in the beef and wool industries, the newspaper said, citing a report by the Canberra-based Centre for International Economics that was prepared for the Australian Farm Institute and Australian Wool Innovation and Dairy Australia….. Full Article: Source


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