Farmers are hopeful the industry will have the chance to prosper now that the emissions trading scheme is on hold.
National has agreed to a review of the scheme, which has been the subject of heated debate in recent months.
Federated Farmers meat and fibre chair Bruce Wills says the industry was deeply concerned that a methane emission tax included in the legislation would cripple farming.
He says the government's decision to review the scheme takes a weight off farmers' shoulders.
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The scheme is unlikely to come into force for at least another year.
