Story perspectives
Emissions trading boosts pine forests, pushes out grazing land
By Drooid · · How we work
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Story summary
- Emissions trading scheme has driven pine plantations to replace sheep and beef farmland.
- Since 2017, about 3,300 square kilometers of grazing land have been sold for forest conversion.
- Forestry investors have lifted grazing-land prices by 9.7%, while dairy land rose only 3.7%.
- Pongaroa has lost young families, and its rugby club folded in 2022 and daycare closed in 2023.