Editor's note

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.

Peter Martin

Section Editor, Business and Economy

Top stories

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

New study: changes in climate since 2000 have cut Australian farm profits 22%

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)

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