Carbon Tax Threatens Australian Cotton Production

Australia

Federal congressman Wannon Dan Tehan warned that the Gilad administration's proposal to impose a carbon tax would pose serious threats to some agricultural producers, and cotton production is also seriously threatened.

The research released by the Farm Association shows that the new carbon tax imposed by the Gilad administration is likely to be a blow to the cotton industry, which is expected to lose 16% of its revenue.

Federal congressman Wannon Dan Tehan said the Labour government acknowledged that their proposed carbon tax would affect agricultural producers.

The Australian farm Association published a study of 400 hectares of irrigation.

The demonstration farm is the research object.

According to the Gilad administration's carbon tax, planting such a large area of cotton, a ton of cotton levy 36 yuan carbon tax, revenue will lose 8.5%.

The annual production cost of cotton growers will increase by 47237 yuan.

The cotton industry is another agricultural sector affected by the Julia Gilad administration's carbon tax.

The National Farmers' Federation has also confirmed that they will announce the impact of carbon tax on beef, milk, rice, sugar, pork and wine producers in the next few weeks.