Australian farmers have lost an average of thirty thousand dollars a year in profits over the past twenty years due to climate change.
In its latest report, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) found a decline in rainfall from 2001-2021 subjecting farmers to lower returns.
The report has also made projections about the next 30 years finding the impact of climate change to be most severe on the edge of WA’s north cropping zone, parts of NSW, and central Queensland.