Data on the financial performance of a diverse set of 249 farm businesses in south-western Australia over the period 2002 to 2011 was collated and analysed. These 10 years were a period of challenging weather years, underpinned by a warming and drying trend in the region's climate, frost events and marked price volatility. The study concludes that as long as broadacre farmers in south-western Australia have on-going access to improved crop varieties and technologies that support the profitable growing of crops, especially wheat; and that they have access to farm management and business education then farmers are likely to be able to adapt to projected climate change. Provided that a farmer's terms of trade does not become unduly adverse, and that farmers sensibly manage farm debt, then it seems highly likely that farmers who continue to rely on crop production, mostly wheat-growing, will persist as financially sound businesses in most parts of the study region, even in the face of projected climate change. -- Publisher website.
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