Treasurer Jim Chalmers signed off on the decisive sale of Rushy Lagoon, Tasmania’s biggest cattle farm, a key property. A British carbon-credit company bought it to establish pine trees where cows once grazed. The property stretches over thousands of hectares and provides beef to nearby towns, serving local markets. Liberal MPs claim the sale endangers food supply and local jobs, raising concern. Labor’s critics state turning the land into trees will diminish beef output and cut worker numbers, implying longer-term impacts. On 10 July 2026, dozens marched at the gates, labeling the deal reckless and demanding the federal government act quickly.