On-Farm Natural Capital and Market Readiness Project

This project aims to support farmers in northern Tasmanian to identify their natural assets, implement practical actions to improve its condition, and enhance their skills to monitor, measure and report on its improved condition. Building on previous initiatives, the project will assist farmers in northern Tasmania to access emerging carbon and biodiversity markets and adopt sustainability frameworks.

Native vegetation on farm_1400x1050

Native vegetation can benefit from sustainable grazing practices.

Background

Farmland in northern Tasmania represents approximately 46 per cent of Tasmania’s total farmland and generates approximately $800M annually to the Tasmanian economy, whilst conservation areas and natural environments account for approximately 35 per cent of the region.

Farming systems operate on, or adjacent to many highly valued natural environments in the region, home to over 500 listed plant and animal species, including:

  • Four globally significant sites
  • Five Ramsar listed wetlands
  • 900,000 ha of native forests

Farming businesses depend on northern Tasmania’s natural resources. This project contributes to the aim of the Australian Government’s Climate-Smart Agriculture Program, to support farmers to drive agricultural growth, while adopting sustainable natural resource management practices that protect and conserve natural capital and biodiversity.

Project plan

By June 2026:

  • At least 30 farmers in northern Tasmania will have identified the natural capital and biodiversity assets on their farms, and prioritised NRM practices that will improve their value.
  • At least 5 demonstration sites will be established on at least 30 Ha, showcasing NRM practices that protect and conserve natural capital and biodiversity assets.
  • Farmers will better understand tools, technologies and practices to engage in emerging carbon and biodiversity markets, and sustainability frameworks.

By June 2028:

  • Farmers engaged in the project have adopted priority NRM practices to protect and conserve at least 362 hectares of natural capital and biodiversity assets.
  • At least 100 landholders in the northern Tasmania region have increased awareness and confidence in adopting practical NRM practices.
  • Farmers engaged in the project have improved their capability through accessing carbon and biodiversity incentives, and implemented industry sustainability frameworks.
Grey Goshawk photo_1400x1050

The project recognises endangered species like grey goshawk as biodiversity capital.

Fire management to improve soil health

Appropriate fire regimes can contribute to improved soil health.

A collaborative approach

This project will establish five farmer-led demonstration sites, on at least 30 Ha, to showcase best practices in sustainable land management. These sites will serve as hubs for knowledge exchange, field days and training workshops, and demonstration sites for practical techniques for improving soil health, enhancing biodiversity and accessing sustainability markets.

Working with NRM North’s Sustainable Agriculture Facilitators (SAF), participating landholders will be supported to identify and document on-farm natural assets, and to prioritise actions that will protect and enhance their on-farm natural capital. Additionally, farmers will be supported to make informed decisions about accessing emerging environmental markets and adopting sustainability frameworks.

Get involved

Funding is available for activities that protect sensitive areas and improve landscape management practices, support soil health through pasture diversity, and enable strategic management to enhance and protect on-farm natural assets. We welcome landholders who share our passion to balance agricultural growth with sustainable land management to register their interest in the project.

Benefits of participation include:

  • Building skills and knowledge to assist in understanding your soil health, including nutrient, carbon and biological factors.
  • Gaining a better understanding of the condition of the biodiversity and habitat values on your property.
  • Guidance and support for enhancing native vegetation in riparian and remnant vegetation stands on your property, including the implementation of appropriate fire regimes, managing weeds, and supplementary planting of native species to restore native vegetation condition.
  • Improved knowledge and readiness for accessing carbon and biodiversity markets.
  • Recognition of your commitment to environmental stewardship.
Protected vegetation_1400x1050

Practical actions can be implemented to improve the condition of natural capital.

Expression of Interest

Landholders in the agriculture sector are invited to submit an Expression of Interest (EOI) to participate in the project. Expressions of interest are open now and close on Sunday 27 April 2025.

Partners

This project is supported by the Australian Government through funding from the Natural Heritage Trust under the Climate-Smart Agriculture Program and delivered by NRM North, a member of the Commonwealth Regional Delivery Partners panel.

Partners

This project is supported by the Australian Government through funding from the Natural Heritage Trust under the Climate-Smart Agriculture Program and delivered by NRM North, a member of the Commonwealth Regional Delivery Partners panel.