Yet again. This one is from Watts Up With That.
A bloke bought a sheep property of half a million acres in western Queensland for $2.0 million. Instead of running sheep on it, he now gets $350,000 per annum under the federal government’s Direct Action scheme for not using the grass on his property. The idea being that the grass locks up carbon and reduces Australia’s carbon emissions. A neighbouring property gets $600,000 per annum.
I have no idea what the second guy paid for his property, but the first guy will have recouped his investment in three years of doing nothing. I’m torn between the waste of taxpayer money and wishing I could beat feet to Australia so I could get in on this kind of deal.