CFI Budget Cuts: We Dodged a Bullet

The facts behind the headline - The Government’s announcement of cuts to the Carbon Farming Initiative sound severe, but appear to spare the funds we worked so hard to make applications for in recent months. The word “unallocated”  in the following sentence refers to rounds of funding that have yet to be announced, not those that are yet to be decided: “Return of $143 million of unallocated funding from the Carbon Farming Futures program to the budget”

Here are the figures: The Carbon Farming Futures program was launched as a $429m budget item.

Filling The Research Gap              Total Budgeted:   $201m

Round One          $47m

Round Two          $30m

Unallocated       $124m

Action On The Ground                 Total Budgeted:     $99m

Round One         $25.2m

Round Two        $30m

‘                       Unallocated               $43.8m

Extension and Outreach                 Total Budgeted:   $64m

Round One        $21.3m

Round Two        $26m

Unallocated        $16m

Conservation Tillage                    Total Budgeted:       $44m

Half Way Point   $22m

Unallocated         $22m

Converting Research into

Methodologies                          Total Budgeted:           $20m

Half Way Point   $10m

Unallocated         $10m

                        TOTAL Unallocated:   $215m

TOTAL Returned  $143m

What's Left:           $72m

THESE FIGURES ARE NOT OFFICIAL YET.