We're back to farming subsidies again ...

"The Government never foresaw the land-use forces they were unleashing with the Emissions Trading Scheme (ETS)....

    "The bottom line is that [so-called] carbon forestry is now far more profitable than sheep and beef farming on nearly all classes of land. We are indeed on the cusp of the greatest rural land-use changes that New Zealand has seen in the last 100 years."

           ~ Keith Woodford, who says 'The ETS is both a gold mine and a minefield'

[Hat tip Ele Ludemann]