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Wednesday, 25 November 2009
Page: 8907

Senator WONG (Minister for Climate Change and Water) (8:31 PM) —I am advised that they are at law a property right. While I am on my feet, I wonder whether I could provide some assistance to Senator Nash.

Senator Nash —I am planning on going back to some of that.

Senator WONG —While I am here, I am going to deal with it, if that is okay. In June 2009 ABARE published a paper entitled ‘Effects of the Carbon Pollution Reduction Scheme on the economic value of farm production’. I have parts of it here. The percentage in total on-farm input costs because of the CPRS, relative to the average calculated over 2003-04 to 2007-08, were as follows: in 2011—this is assuming agriculture is not covered—all broadacre industries were 0.06 per cent; wheat and other crops 0.05 per cent; mixed livestock crops 0.05 per cent; sheep 0.07 per cent; beef 0.05 per cent; sheep/beef—I am not quite sure why that is a different category—0.07 per cent; and dairy 0.18 per cent. That was a 2011 forecast, as I said, in an ABARE publication from June 2009.