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Editor's note
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We are hearing a lot about emergencies, be they climate, drought or fire emergencies. But emergencies by their nature are sudden, unexpected and usually temporary.
New research from the Australian Bureau of Agricultural and Resource Economics and Sciences reported here this morning casts doubt on the suggestion that what’s happening to Australian farms is sudden, unexpected or temporary.
ABARES, as the bureau is called, has crunched decades of farm and climate data to determine the contribution of changed climate conditions to farm profits.
It finds that by itself climate change has cut annual farm profits 22% in the decades since the year 2000 compared to the decades before.
Cattle farmers are relatively lightly hit, although droughts mean restocking takes a long time. Crop farmers have suffered a 35% drop in annual profits as a result of climate change.
Neal Hughes and Steve Hatfield-Dodds point to uncomfortable questions that arise from their findings, including the usefulness of farm support that treats changed conditions as temporary.
And finally, as a reader of The Conversation, we know you value independent journalism. We invite all readers to show their support by making a tax-deductible donation. A monthly gift is the best way to safeguard quality information into 2020 and beyond.
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Peter Martin
Section Editor, Business and Economy
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Top stories
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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..
ABARES/Shutterstock
Neal Hughes, Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES); Steve Hatfield-Dodds, Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)
For crop farmers, the risk of low-profit years has doubled.
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From shutterstock.com
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from www.shutterstock.com
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Kolling Institute of Medical Research, Kolling Auditorium, Level 5, Building 6, Royal North Shore Hospital, 10 Westbourne Street , St Leonards, New South Wales, 2064, Australia — University of Sydney
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