AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
CANBERRA, March 3 Asia Pulse - A rosy picture is being painted of regional Australia post-drought, with record crop plantings, high priced livestock and frenzied activity in country towns being predicted in a new report.
Compiled by rural modelling and forecasting company Agrecon, the report said every past major drought had been broken by good rains the following year which led to a rural resurgence.
And it appears the report's predictions are already coming through, with a huge jump in livestock prices in the past seven days.
Report authors Brian Button and Don Aitken said a survey of serious droughts over the past 100 years had shown a clear trend of strong post-drought recovery.
They said on average, wheat plantings climbed 81 per cent the year after a drought, while barley production leapt 54 per cent.
This had major flow-on effects to rural economies, boosting economic activity and also leading to a rise in farm-based borrowing.
The authors said 2003 was likely to follow the trend of past droughts, bringing financial relief to the nation's hard-pressed farmers.