Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.
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Transcript of Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.
![Page 1: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/1.jpg)
Adapting to on-going drought in the Murray-Darling Basin
Dale Ashton
Senior Economist
ABARE
![Page 2: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/2.jpg)
![Page 3: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/3.jpg)
Managing change.
Financing farm activities
Changes to farmmanagement
Farm income and profit
Debt and equity
Non-farm income
Enterprise mix
Irrigation technologies
Water trading
![Page 4: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/4.jpg)
Farm cash incomeby industry
20
40
60
80
100
120
Broadacre Dairy Horticulture
2006-07
2007-08
Average per farm
$’000
![Page 5: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/5.jpg)
Percentage change in farm business debt
-2
2
4
6
8
10
Horticulture Broadacre Dairy
2006-07
2007-08
%
![Page 6: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/6.jpg)
Components of debt50 100 150 200 250
Land purchase
Land development
Buildings/structures
Plant/equipment
Working capital
Debt reconstruction
Other
2006-07
2007-08
Average per farm
$’000
![Page 7: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/7.jpg)
Percent of farms making capital additions
10
20
30
40
50
60
Horticulture Broadacre Dairy Murray-Darling Basin
2006-07
2007-08
%
![Page 8: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/8.jpg)
Distribution of farms by equity ratio
90 to 99% equity
Less than 75% equity
100% equity
75 to 89% equity
![Page 9: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/9.jpg)
Distribution of farms by equity ratio
Less than 75% equity
AND low farm income
![Page 10: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/10.jpg)
Contribution of non-farm income to total farm family income
0%
20%
40%
60%
80%
100%
Horticulture Broadacre Dairy
Non-farm income
Farm income
![Page 11: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/11.jpg)
![Page 12: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/12.jpg)
Average net returns per hectare
-2
-1
1
2
3
4
5
6
7
8
9
$’000/ha
![Page 13: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/13.jpg)
Water application per hectare
1
2
3
4
5
6
ML/ha
![Page 14: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/14.jpg)
Water application per hectare
1
2
3
4
5
6
ML/ha
![Page 15: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/15.jpg)
Percent of farms trading water
5
10
15
20
25
30
35
Permanent entitlements Temporary allocations
2006-07
2007-08
%
![Page 16: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/16.jpg)
Percent of farms that were net buyers of temporary water allocations
%
5
10
15
20
25
30
35
40
45
Horticulture Broadacre Dairy
2006-07
2007-08
![Page 17: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/17.jpg)
![Page 18: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/18.jpg)
Managing change.
Financing farm activities
Changes to farmmanagement
Farm income and profit
Debt and equity
Non-farm income
Enterprise mix
Irrigation technologies
Water trading
![Page 19: Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE.](https://reader035.fdocuments.us/reader035/viewer/2022062423/56649f3d5503460f94c5ca0f/html5/thumbnails/19.jpg)