Australia's agricultural sector is set to be devastated by climate change, a new report to the federal government warns.
Fairfax newspapers report farmers face massive slumps in production and Australia risks sharp drops in agricultural export earnings if temperatures rise and rainfall dies up.
The Australian Bureau of Agricultural and Resource Economics (ABARE) warns that production of wheat, sugar, dairy and beef could fall by about 10 per cent by 2030 if predicted climate change takes effect, Fairfax said.
By 2050, Australia's total economic output could fall by five per cent, with agricultural exports cut by up to 79 per cent.
ABARE chief economist Don Gunasekera said that climate change could ruin the agricultural sector without innovation such as genetic modification.
"But I think the message has to be not just doom and gloom, it's about how we can convert these challenges into opportunities," he said.
Friday, 7 December 2007
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