Innovate or see profits dip, CSIRO tells farmers

Australian farmers must continue to adapt to a changing climate or risk seeing their profits halve by 2050, say CSIRO experts.

A new report from Australia’s national science agency has been released after examining what a sustainable future for agriculture looks like.

The Ag2050 Scenarios Report found farm profits could drop by half in some areas by 2050 if producers fail to innovate.

“Australia will need to accelerate the transformation of its current farming systems,” it said.

The research examined four potential scenarios of what farming operations could look like by mid-century.

One included landscape stewardship, embracing new opportunities and novel technologies to allow the environment to flourish.