Climate reduces crop profits by 35pc

January 11 2020 - 3:30pm
The study provided robust quantitative analysis of the effects of climate variability and recent shifts in seasonal conditions on Australian broadacre cropping and livestock farms.
The study provided robust quantitative analysis of the effects of climate variability and recent shifts in seasonal conditions on Australian broadacre cropping and livestock farms.

FARM profits have reduced by about 22 per cent and there has been about $1.1 billion a year in lost production from changes in temperature and rainfall since the 1950s, according to the latest Australian Bureau of Agricultural and Resource Economics and Sciences' (ABARES) Insights report.

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