Drought could eat up half of sheep and beef farming profits by 2100 - report
Farmers, industry bodies, researchers and the government need to get ahead of climate change with long-term planning, a new report says.
Source: stuff.co.nz
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Business Scoop » Future Drought Could Drain Primary Sector Profit
, finds a strong relationship between more intense future drought and drops in farm profit. In the year 2100, our 10-year-old children will be 90 years old. Their children – our grandchildren – will be managing farms in a far more tricky climate than we have to negotiate today. Year on year drought is still uncommon in Aotearoa, giving farmers opportunities to recover – financially, mentally and environmentally. But uncontrolled climate change is likely to bring somewhat more severe and far more frequent drought. This research draws on 70,000 tax returns and temperature and soil moistu...
Source: scoop.co.nz