Australian agribusinesses are adapting to rapid change in he climate, social environment and market and regulatory requirements. But they need to accelerate the pace of adaptations. It can be difficult to know whereto start and where to focus efforts for the greatest impact. There are smaller adaptations agribusinesses can make in their day-to-day operations. Others require longer-term planning and investment.
NAB seeks to support its agribusiness customers by providing data-driven, science-backed information to help them asses which adaptations best support long-term viability and sustainability.
This project will provide bankers and farmers with practical guidance to support science-backed and commercially considered decisions about where to invest their time effort and money.
It will synthesise available evidence relating to adaptations to manage climate, social, market and regulatory risks and explore the most efficient tools to present information in a way that is easy-to-use and engaging.
It will focus on the highest value agricultural sectors including beef, sheep, dairy, grains (wheat and barley) and oil seeds (canola). The team will review scientific literature, talk to NAB agribusiness customers, and engage with industry bodies to publish a detailed report outlining:
