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

Harris, Patrick (2020): To what extent has climate change impacted the Total Factor Productivity of the Australian beef industry by state and as a country?

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.

• Item Type: MPRA Paper
• Language: English
• 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.
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O44 - Environment and Growth; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O50 - General; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O56 - Oceania; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q14 - Agricultural Finance; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q15 - Land Ownership and Tenure ; Land Reform ; Land Use ; Irrigation ; Agriculture and Environment; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q18 - Agricultural Policy ; Food Policy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q20 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q28 - Government Policy; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q52 - Pollution Control Adoption and Costs ; Distributional Effects ; Employment Effects; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q53 - Air Pollution ; Water Pollution ; Noise ; Hazardous Waste ; Solid Waste ; Recycling; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy

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