Carbon sequestration can coexist with agriculture on most sites, potentially earning $9B annually by 2050, according to a new report.

A new ABARES report finds carbon sequestration can coexist with agriculture on 59% of project sites, allowing grazing after initial exclusion periods, with sequestration potentially generating $9 billion annually by 2050—exceeding a projected $2.8 billion revenue loss amid a 39% sector growth. The SAFE model identifies pastoral and high-rainfall zones as key areas, with regional land-use caps offering more flexibility than farm-level limits. The National Farmers’ Federation stresses sequestration should be voluntary, not a replacement for farming, and urges emitters to reduce their own emissions first while protecting rural economies from competition with housing, renewables, and mining.