Everything you need to know about carbon farming

What is carbon farming?

‘Carbon farming’ primarily describes the use of land to sequester carbon in vegetation and soils. It also extends towards the reduction of emissions and alternative land and animal management practices. The primary aim of carbon farming is to create a reduction of carbon from the atmosphere, and it is important to acknowledge that it is not mandatory to be a farmer in order to ‘farm carbon’.

Beyond the obvious benefits to the environment, there can also be business benefits for the organisation or individual taxpayers, by participating in activities such as carbon credits, biodiversity banking, and more.

Here we share resources designed to inform and support primary producers in understanding the implications of these opportunities.

Carbon farming factsheets

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Taxation of Australian Carbon Credit Units - Primary producers

Taxpayers carrying on a primary production business should know the specific tax rules that apply to Australian Carbon Credit Units, or ACCUs.

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Taxation of Australian Carbon Credit Units - general taxpayers

General taxpayers who are holders of ACCUs should know Australia’s specific tax rules for their treatment.

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Taxation of Australian biodiversity projects

‘Biodiversity Banking’ is a globally recognised practice that offsets the environmental impacts of developments and infrastructure projects.

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Coming soon

Carbon accounting 101 for primary producers

An overview of the carbon footprint, what it does, and how to reduce it – including an explanation of offsetting and insetting.

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Aletta Boshoff

National Leader, IFRS & Corporate Reporting
National Leader, Sustainability
Partner, Advisory
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Peter Toll

Peter Toll

National Leader, Food & Agribusiness; International Liaison Partner; Partner, Deal Advisory
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