IMPROVED SEASONAL FORECASTS: THE BENEFITS FOR AGRICULTURE, OTHER SECTORS, AND AUSTRALIA’S ECONOMY

For more than 20 years, we have invested in research and development that aims to improve climate forecasts for the season ahead, particularly for the period of 2–8 weeks and 3–6 months out.

In 2014, we engaged The Centre for International Economics to estimate the value of improved seasonal forecasts for Australia’s industry sectors.

Agriculture – the potential value of improved seasonal climate forecasts

This information is based on their analysis for the agriculture sector and includes the following:

  • The importance of climate to agriculture
  • The value of climate forecasts for agriculture
  • More information

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Industry sectors other than agriculture – the potential value of improved seasonal climate forecasts

This information is based on their analysis for 11 sectors of the economy, excluding agriculture, and includes the following:

  • Climate variability and economic importance
  • How industry can use seasonal climate forecasts
  • The value of climate forecasts for the economy
  • Recommendations
  • More information

Learn more about this >