B.CCH.2102 - MCV5 - Managing Climate Variability Program Phase 5
Seasonal climate forecasting could be worth nearly $500 million per year to the livestock industry.
| Project start date: | 26 June 2016 |
| Project end date: | 29 June 2021 |
| Publication date: | 26 April 2024 |
| Project status: | Completed |
| Livestock species: | Grain-fed Cattle, Grass-fed Cattle, Sheep, Goat, Lamb |
| Relevant regions: | National |
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Summary
The Managing Climate Variability program is a long term partnership of RDCs including GRDC, SRA, CRDC, RIRDC, DA and HAI on a key strategic question, namely how to improve seasonal climate forecasting. Climate variability in Australian agriculture has the greatest impact on year-to-year productivity of farms. The Centre of International Economics (CIE) study in 2013 showed that seasonal forecasting could be worth $1.5 billion per year to Australian agriculture and is by far the largest beneficiary of all economic sectors in Australia. The benefit to livestock industries was estimated by CIE to be $158 to $438 million per year however CSIRO estimate this benefit to be much higher.
Objectives
To increase Australia's capacity to capture opportunities and manage risks related to climate variability.
Key findings
No findings from this project as it was established to enable collection of funds from funding partners. All funds were collected.
Benefits to industry
The benefit to livestock industries was estimated by CIE to be $158 to $438 million per year however CSIRO estimate this benefit to be much higher.
MLA action
Consider development of future funding partnerships, including with the Drought Innovation Hubs.
Future research
Continued improvement in the ''skill'' of seasonal forecasting models.
More information
| Project manager: | Doug McNicholl |
| Contact email: | reports@mla.com.com |
