Big Dry’ hits Australian farmers

The number of farmers in Australia has dropped 10% in the past five years primarily due to their massive drought but also because of high interest rates. While small farmers are probably the worst hit by this, larger farms are hardly immune. If the drought precludes them from growing crops, then the size of the farm hardly matters. This will be affecting Australia (and the world) for some time to come, even when the drought does lift.

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