NRM South is leading the rollout of a new pilot program for farmers in southern Tasmania who are looking to improve their land condition, vegetation coverage and establish future carbon income streams. Round 2 of the Australian Government funded Carbon + Biodiversity pilot offers economic incentives to farmers who plant native trees and shrubs on their property – and applications to participate in this pilot are open now.
Round 1 of the C+B Pilot program has already seen up to $4 million in funding offered to 65 projects across six NRM regions and is part of a $66.1 million Agriculture Biodiversity Stewardship Package, creating a foundation for a voluntary biodiversity market.
Laurel McGinnity from NRM South, who is supporting the application process in the southern region of Tasmania, believes that that this is a great opportunity for farmers to get support for improving the overall condition of their land while also storing carbon.
‘While this program will deliver future income streams through carbon credits for farmers, I am most excited about the potential for improved landscape outcomes such as vegetation corridors, improved soil and erosion outcomes, shelter and shade for stock, improved habitat with potential pollination benefits and reduced land degradation’
Successful applicants will be provided with a payment of up to $10,000 to offset the costs of seeking professional advice as appropriate for their circumstances. This may include financial, legal and/or project advice to help participants consider the various requirements and opportunities associated with proceeding with a Carbon + Biodiversity Project.
If you’re interested in participating in the C+B Pilot, no-obligation applications are open for farmers in Tasmania’s southern region until Thursday 3 March 2022. Details on how to apply and where to get assistance are available on the NRM South website. If you need more information or help with your application, get in touch with NRM South on 0447 266 527.