New ABARES research examines the climate change challenge facing Australian farmers
New research finds water markets in the southern Murray-Darling produce benefits of around $117 million per year.
Murray Darling Junction, Wentworth NSW.
Marking farms more water-efficient pushes up prices twice as much as buying water back.
Almost all of the food we consume in Australia is made in Australia. We export far more than we import.
The Australian Bureau of Agricultural and Resource Economics and Sciences farmpredict model finds that changes in climate conditions since 2000 have cut farm profits by 22% overall, and by 35% for cropping farms..
For crop farmers, the risk of low profit years has doubled.
The receding waters of Lake Pamamaroo, in western NSW, in February 2019. Reduced water supply, due to lower rainfall and higher temperatures, has been the main cause of increasing water prices.
High water prices in the Murray-Darling Basin are blamed on foreign investors and corporate speculators. The simple truth is they are caused mostly by lack of rain.
The receding waters of Lake Pamamaroo which makes up part of the Menindee Lakes system near the township of Menindee, Thursday, February 14, 2019.
Australia’s farming industry will need to take full account of its obligations to its workers, its customers, society and the environment if it is to prosper in the years to 2030.