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Impact of Drought On Australian Economy
Impact of Drought On Australian Economy
Impact of Drought On Australian Economy
Australian Economy
Weakened Food
Security Strategy
Decline in agricultural
exporting
The National
Agricultural Production
System , deprived of its
duty due to lack of
resources
Massive reduction in
Production capacity
6% decline in production when
compared to the previous years
Reduction in yields for 2018-
2019 winter crops
The GDP under animal
production reduced by 2%
making a $ 22 billion loss when
compared to the previous years
Lead to the production of poor
quality wool
Reduction in milk production ,
resulting from lack of water and
pastures.
Further reduction were noticed in
banana production, fish farming.
Dead livestock and fish due to lack
of edible water.
Drought not only impacted the
farmers, it also lead to increase in
prices for vegetables , milk and
other daily essentials due to
shortage of supply .