Climate variability, and its increase with climate change, pose substantial economic risks to agriculturalists and hence, limit their ability to respond to global challenges such as food security. Enterprise mix diversification is the most common, and is widely regarded as the most effective,...

This article presents an econometric analysis of irrigation commodity area and revenue responses to varying commodity prices, water availability and climate conditions for the second half of a decade long drought in the Murray–Darling Basin, Australia. We find statistically significant...

Increased irrigation has been identified as an important potential adaptation to meet growing world food demand. Yet many of the world's major irrigation regions are in arid and semi-arid regions that face climate change projections of hotter and drier weather. A growing body of analysis...

This article evaluates irrigated agriculture sector response and resultant economic impacts of climate change for a part of the Murray Darling Basin in Australia. A water balance model is used to predict reduced basin inflows for mild, moderate and severe climate change scenarios involving 1, 2...

Conservation investment in agricultural landscapes has evolved to take a more market-based or business approach. However, current levels of conservation investment are not likely to mitigate degradation to natural capital and ecosystem services. We propose the further evolution of a conservation...

Over-allocation of fresh water resources to consumptive uses, coupled with recurring drought and the prospect of climate change, is compromising the stocks of natural capital in the world's basins and reducing their ability to provide water-dependent ecosystem services. To combat this,...

Whilst biophysical, and increasingly economic, values are often used to define high priority hotspots in planning for conservation and environmental management, community values are rarely considered. The community values mapping method presented in this paper builds on the concept of natural...

This article describes implementation and outcomes of a credit trading trial focussed on dryland salinity in Victoria, Australia. In lieu of extant specified property rights, participants were invited to agree to obligations to provide groundwater recharge credits in exchange for pecuniary...