Global heating – Farmers can’t afford the higher insurance premiums. Fossil fuels killing agriculture

2 years ago 40

Climate change-driven disasters making insurance premiums too dear for farmers, ABC News, Vic Country Hour, By Jane McNaughton  16 July 20
Australian farmers are facing increasingly frequent droughts, floods, hailstorms and bushfires, resulting in insurance premiums rising to the point where cancelling or underinsuring are the only options.

Key points:

A NSW farmer says the fossil fuel industry is effectively killing the agriculture sector Insurance premiums are being driven to unaffordable levels by the impacts of climate change The Insurance Council of Australia says 80 per cent of Australian homes are underinsured — and that figure’s likely higher in the bush

Climate change has already cost farmers more than $1 billion since 2000, according to ABARES.

Third-generation lamb and cropping farmer Peter Holding said government inaction on global warming could have disastrous flow-on effects to the agriculture industry.

“Climate change poses a cataclysmic set of challenges for farmers,” the Farmers for Climate Action member said.

“It’s pretty severe and it’s getting worse…………

Fossil fuels ‘undermining’ agriculture

Financial strain is not the only issue climate change has delivered to farmers.

“Unfortunately we’re getting less good years and a lot more variability,” Mr Holding said.

“There’s a lot of impacts and I can’t see it stopping any time soon.

“The droughts are just continuing, since the turn of the century we’ve had [so many years] of drought, interlaced with floods.”…….

“The fossil fuel industry is creating emissions and that is slowly but surely making agriculture unviable.

“We’ve cut the emissions from livestock probably in half, farmers in cropping areas have done all sorts of things to reduce the use of diesel and better use fertilisers.

“So farmers are working on all of these problems to cut their own emissions, but we definitely need some quick action to reduce the emissions of fossil fuel.”

https://www.abc.net.au/news/rural/2020-07-16/climate-change-blamed-for-farmers-rising-insurance-costs/12455052 

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