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I am very conflicted on a carbon tax for the agriculture industry. It is going to sidle a cost to an industry of razor thin margins. The transition from regenerative agriculture is expensive & rising food costs has a destabilizing effect. There need to be changes, but I am not convinced that this will have the desired effects. Its quite possible this leads to a net conversion of farmland to residential or commercial property rather than nature. |
The industry might be accustomed to profiting from the subsidy, but that doesn't make them entitled to it! And certainly the industry has had plenty of time to anticipate and adjust to the problems of carbon emissions.