Farmers who have mineral deposits discovered and mined under their land will receive a 10 per cent share of royalties generated if state Labor is re-elected on March 17.
Mineral Resources and Energy Minister Tom Koutsantonis announced the plan on February 15, saying mining and farming both had to flourish to support jobs growth.
A similar policy already exists for oil and gas extraction.
Conservatives MP Robert Brokenshire said he had been arguing in favour of “royalties for regions” for nine years, and that he wanted a higher rate of return to communities – 35pc.
The Liberals’ policy falls close to that figure, but would spend the money differently.
Spokesman David Ridgway said the Liberal Party would quarantine 30pc of mining royalties and invest it in regional roads and infrastructure, to the tune of an estimated $750 million over 10 years.
SA Best has its own version of the policy.
Legislative Council candidate Sam Johnson said the party would ask South Australia’s next government to set aside 25pc of mining royalties for “new economic and social infrastructure” in country areas.
The Greens propose prioritising farming over mining, ensuring mining companies pay adequate royalties, and establishing a state future fund to spread spending across generations.