Farm productivity and the climate effect
Average climate-adjusted productivity for Australian cropping farms 1977-78 to 2014-15
60
70
80
90
100
110
120
130
140
150
160
170
180
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Total factor productivity
Climate effect
Climate-adjusted TFP
Total factor productivity
Climate effect
Climate-adjusted TFP
The red line shows the average effect of climate on productivity (relative to long-run average climate conditions)
