Cobungra Station, a 170-year-old cattle farm in Victoria’s east, has been sold to Silva Capital — a carbon fund manager — sparking fierce debate. The new owners plan to keep it running as a working cattle farm while planting native vegetation to earn carbon credits. Critics, including the federal opposition and locals, warn this could distort land markets and erode regional heritage, questioning whether prime farmland should be permanently converted for carbon projects. Silva Capital counters that food production and climate action can coexist, pledging to collaborate with experts and the community to boost productivity sustainably. As the sale proceeds, Australia grapples with whether carbon farming is a smart economic tool or a threat to its agricultural future.
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