Wilmot Cattle Company: Difference between revisions

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Owned by the [[Macdoch Group]], jointly managed by billionaire [[Prudence Murdoch]] and [[Alasdair MacLeod]], eldest daughter and son-in-law of [[Rupert Murdoch]].<ref>https://theconversation.com/us-scheme-used-by-australian-farmers-reveals-the-dangers-of-trading-soil-carbon-to-tackle-climate-change-161358</ref>
Owned by the [[Macdoch Group]], jointly managed by billionaire [[Prudence Murdoch]] and [[Alasdair MacLeod]], eldest daughter and son-in-law of [[Rupert Murdoch]].<ref>https://theconversation.com/us-scheme-used-by-australian-farmers-reveals-the-dangers-of-trading-soil-carbon-to-tackle-climate-change-161358</ref>


"Wilmot is the first company in [[Regen Network]]’s portfolio to sell credits based on soil organic carbon sequestration achieved through [[Holistic Management|rotational grazing]]."
According to company manager Stuart Austin: “The term carbon farming is used quite often, and we don’t consider ourselves that at all, we have always been focused on beef production first and foremost" ... "The decisions we make every day are purely based on our beef production business."<ref>https://www.beefcentral.com/production/opening-more-windows-into-wilmot-cattle-cos-pioneering-microsoft-soil-carbon-deal/</ref>
<ref>https://www.afr.com/companies/agriculture/james-murdoch-isn-t-the-only-one-in-the-family-going-green-20210128-p56xn1</ref>
 
= Ranches =
 
== Cavan Station ==
 
== Paradise Creek Station ==


Analysis of these credits + their underlying practices by nine professors, scientists + researchers:
<https://www.afr.com/property/commercial/rupert-murdoch-s-son-in-law-adds-nsw-22m-farm-to-cattle-empire-20220215-p59wm6>
<https://theconversation.com/us-scheme-used-by-australian-farmers-reveals-the-dangers-of-trading-soil-carbon-to-tackle-climate-change-161358>


Some key flaws these scientists identified:
"Alasdair MacLeod has emerged as the buyer Paradise Creek Station in Inverell, intending to take advantage of its carbon sequestration potential."<ref>https://arr.news/2022/02/17/murdoch-son-in-law-buys-cattle-station-with-carbon-potential/</ref>


1. They only looked for SOC increase, not the GHG in and out of the whole system (such as methane and nitrous oxide)
<https://www.commercialrealestate.com.au/news/murdochs-son-in-law-adds-22m-farm-to-cattle-empire-1118901/>


2. "The dry weight of soil in a known volume, also known as “bulk density”, is a key factor in calculating soil carbon stocks. Rather than bulk density being measured from field samples, it was calculated using an equation. We examined this method and determined it was far less reliable than field sampling"
= Savory Method =


3. "Estimates of soil carbon were not adjusted for gravel content. Because gravel contains no carbon, carbon stock may have been overestimated"
= Regen Network =


4. The remote sensing used by Regen Network involved assessment of vegetation cover via satellite imagery, from which soil carbon levels were estimated. However, vegetation cover obscures soil, and research has found predictions of soil carbon using this method are highly uncertain.<ref>https://www.mdpi.com/2072-4292/11/14/1683/htm</ref>
"Wilmot is the first company in [[Regen Network]]’s portfolio to sell credits based on soil organic carbon sequestration achieved through [[Holistic Management|rotational grazing]]."
<ref>https://www.afr.com/companies/agriculture/james-murdoch-isn-t-the-only-one-in-the-family-going-green-20210128-p56xn1</ref>


5. "Wilmot increased soil carbon, or 'sequestration', through changes to grazing and pasture management. The resulting rates of carbon storage calculated by Regen Network were extremely high – 7,660 tonnes of carbon over 1,094 hectares. This amounts to 7 tonnes of carbon per hectare from 2018 to 2019.... These results are not consistent with our experience of what is possible through pasture management. For example, the CSIRO has documented soil carbon increases of 0.1 to 0.3 tonnes of carbon per hectare per year in Australia from a range of methods to increase pasture production.<ref>https://publications.csiro.au/publications/publication/PIcsiro:EP10121</ref><ref>That makes their estimates a massive outlier, storing 20-70x more soil carbon than has observed in similar case studies</ref>
The accreditation methodology used by [[Regen Network Development]] for this process is [[CarbonPlus Grasslands]]. Another Macdoch Group company, [[Impact Ag]] worked closely with RND to develop this methodology.


6. RND's additionality, double counting, and permanence standards are less stringent than even legacy registries with major issues such as [[Verra]]
= Sources =

Latest revision as of 05:30, 9 July 2023

Owned by the Macdoch Group, jointly managed by billionaire Prudence Murdoch and Alasdair MacLeod, eldest daughter and son-in-law of Rupert Murdoch.[1]

According to company manager Stuart Austin: “The term carbon farming is used quite often, and we don’t consider ourselves that at all, we have always been focused on beef production first and foremost" ... "The decisions we make every day are purely based on our beef production business."[2]

Ranches

Cavan Station

Paradise Creek Station

<https://www.afr.com/property/commercial/rupert-murdoch-s-son-in-law-adds-nsw-22m-farm-to-cattle-empire-20220215-p59wm6>

"Alasdair MacLeod has emerged as the buyer Paradise Creek Station in Inverell, intending to take advantage of its carbon sequestration potential."[3]

<https://www.commercialrealestate.com.au/news/murdochs-son-in-law-adds-22m-farm-to-cattle-empire-1118901/>

Savory Method

Regen Network

"Wilmot is the first company in Regen Network’s portfolio to sell credits based on soil organic carbon sequestration achieved through rotational grazing." [4]

The accreditation methodology used by Regen Network Development for this process is CarbonPlus Grasslands. Another Macdoch Group company, Impact Ag worked closely with RND to develop this methodology.

Sources

  1. ↑ https://theconversation.com/us-scheme-used-by-australian-farmers-reveals-the-dangers-of-trading-soil-carbon-to-tackle-climate-change-161358
  2. ↑ https://www.beefcentral.com/production/opening-more-windows-into-wilmot-cattle-cos-pioneering-microsoft-soil-carbon-deal/
  3. ↑ https://arr.news/2022/02/17/murdoch-son-in-law-buys-cattle-station-with-carbon-potential/
  4. ↑ https://www.afr.com/companies/agriculture/james-murdoch-isn-t-the-only-one-in-the-family-going-green-20210128-p56xn1
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