They are completely the same basket because both commodities...

They are completely the same basket because both commodities require land to grow on and farmers owning the land have to make a decision - wheat or carbon? Farmers will commit to the land use that offers the highest gross margins. they like money too.

Woodside is irrelevant at this level unless they want to match the gross margin for wheat. It comes down to the gross margin for wheat versus the gross margin for carbon. If you don't understand this then you are destined to pay for the lesson to learn this ... carbon is a non-starter.

Farmers will avoid this program like the plague unless you allow them to realise capital gains on their land assets and that will only occur if the tree crops grown produce harvestable commodities as well as carbon. As it stands this program locks farmers out of 100 years of capital gains on their land assets committed to mallees ...

Salty I have spoken to management in the past and suggested they might consider other crops such as Australian sandalwood which are dryland and give you an oilseed that is machine harvestable ... didn't want to know about it. Hence it is easier to educate shareholders rather than management ... I don't like seeing ignorance being rewarded.