To what extent has climate change impacted the Total Factor Productivity of the Australian beef industry by state and as a country?

Patrick Harris

MPRA Paper from University Library of Munich, Germany

Abstract: The societal and climatic pressures towards agriculture and specifically the beef industry is increasingly prevalent in recent years. This paper has identified and evaluated the impact of climate on the TFP of the beef sector by state and as a country, which was found to be negative on balance. Additionally, it was found that Victoria was the most susceptible to changes in climate on average, complimenting previous literature that the southern regions of Australia (NSW, VIC, SA, TAS) are more susceptible to changes in climate compared to northern regions on average. Moreover, this paper addressed the current and prospective initiatives and management practices to mitigate the impact of adverse climate aberations, which found that feed additives, the breed of cattle, government subsidised insurance markets and education will assist the productivity of the beef sector in Australia and develop the resilience of farmers during extreme climate aberations.

Keywords: Climate Change; Agriculture and climate change; agricultural econometrics; Australian beef production; beef production; total factor productivity; temperature and agriculture; Australian beef; econometrics; panel data. (search for similar items in EconPapers)
JEL-codes: O4 O44 O5 O50 O56 Q0 Q1 Q12 Q14 Q15 Q18 Q2 Q20 Q28 Q5 Q52 Q53 Q54 Q58 (search for similar items in EconPapers)
Date: 2020-05-31
New Economics Papers: this item is included in nep-agr, nep-eff and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:100795

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