Risky business
OPINION: In the same way that even a stopped clock is right twice a day, economists sometimes get it right.
Recent research by Beef+Lamb NZ reveals the disturbing scale of the loss of pasture-based farming land to forestry over the past few years, with some 36,824ha productive farming land lost to forestry in 2019 alone and that 700,000 stock units have disappeared over the past three years.
Much of this land has gone to carbon sinks, where huge carbon entities - such as airlines, power and petrol companies - are buying up swathes of NZ farmland and turning it into forests (which are never harvested) to offset their growing carbon output while they keep on polluting.
