Drought case presentation team 2 - 2003 format
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NATURAL CAPITALISTS CONSULTING LTD NATURAL CAPITALISTS CONSULTING LTD Umang Bali Hélène Dutrisac Julie Ann Ennis Eoghan Vignoles Ying Zhou AUSTRALIA AUSTRALIA Stop the Bandaid Solutions!! Stop the Bandaid Solutions!!
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Transcript of Drought case presentation team 2 - 2003 format
NATURAL CAPITALISTS CONSULTING LTDNATURAL CAPITALISTS CONSULTING LTDUmang Bali
Hélène DutrisacJulie Ann Ennis
Eoghan VignolesYing Zhou
AUSTRALIAAUSTRALIAStop the Bandaid Solutions!!Stop the Bandaid Solutions!!
Historical Perspective
• Longest in recent history• Lobbying power of farmers• Cyclical and “predictable”
Australian Drought History
Government Assistance
• Grants• Income support • Interest relief• Free counselling• A$670M since 2001• Pilot program
Short-Term Consequences
• Farming sustainability• Depleting government aid• Political unrest / instability/ back lash• Social unrest• Polarized society
Long-Term Consequences
• Farming viability as an industry• Economic impact - “Domino Effect”
– Inflated food prices– Unemployment
• Uneven population distribution• Social disorder & breakdown
Recommendations
IMPROVE GROWTH EFFICIENCY• Adopt indigenous farming practices• Embrace drought resistant crops• GM crops
Recommendations
LIMIT USE OF RESOURCES• Improve irrigation methods• Water conservation• Water retention - storage• Rethink immigration ?
