The middle of a drought is never a good time to take on the family farm, but for cattle producer Michael Gooden, dusty pastures in the Riverina grew into an opportunity for new markets, and potentially new ventures.

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Returning to the family farm in the middle of the millennium drought, Mr Gooden took a look at the books and knew something had to change.

"I didn't really set out to become a carbon farmer; it was more about wanting to improve the profitability of our business and improve our land management," he said.

"I wasn't happy with the money that we were

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