On Thursday, May 4, at Wagga Wagga, a crowd of primary producers and government and industry stakeholders met to talk about the NSW biodiversity credits market.
The workshop covered off on how biodiversity credits are bought and sold within the market, explaining the difference between ecosystem credits and species credits and how they are calculated.
For those with little understanding of the industry, it was a good introduction to what has become a hot topic.
The day began with the basics and by the end of the workshop it was agreed that many in attendance could now see the wood from the trees.
Farmers and landholders were stepped through what a Biodiversity Stewardship Agreement (BSA) meant and what market alternative options existed.
A number of case studies were presented where farm businesses had used BSAs to diversify income and improve the state of their farms’ natural environment.
NSW Farmers senior policy advisor Connie Mort said while the biodiversity market was a complex and long process to be involved in, it was important farmers were helped to make an informed decision.
Another session will be held in Dubbo on May 17.
For more information, visit www.nswfarmers.org.au
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