According to The Australian Financial Review, El Nino is set to halt a record-breaking run for farmers and cut national wheat production by more than a third, according to the federal government’s agricultural forecaster.
Farm exports are expected to fall by 17 per cent to $65 billion in 2023-24 as the weather phenomenon, which brings with it drier conditions, takes hold. The export and production forecasts, although lower, reflect just how strongly the sector has performed over the past three years, with the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) attributing some of that success to now fading La Nina weather patterns. https://www.afr.com/companies/agriculture/looming-el-nino-spells-end-to-farmers-record-breaking-run-20230605-p5de28
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