The current drought across much of eastern Australia has demonstrated the dramatic effects climate variability can have on farm businesses and households.
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| The Australian Bureau of Agricultural and Resource Economics and Sciences farm predict model finds that changes in climate conditions since 2000 have cut farm profits by 22% overall, and by 35% for cropping farms.. |
The drought has also renewed longstanding discussions around the emerging effects of climate change on agriculture, and how governments can best help farmers to manage drought risk.
A new study released this morning by the Australian Bureau of Agricultural and Resource Economics and Sciences offers fresh insight on these issues by quantifying the impacts of recent climate variability on the profits of Australian broadacre farms.
Read the story from The Conversation - “New study: changes in climate since 2000 have cut Australian farm profits 22%.”
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