Greens set the agenda for water summit
"It is highly likely that the Treasurer has underestimated the impact of continuing drought on Australia's agricultural production and effect on economic growth," said Senator Rachel Siewert today.
ABARE released revised figures last week which further downgraded the forecasts for likely crop production. Crop production is expected to be 60% less that last year, with the gross value expected to be 16% less than that achieved during the drought of 2002-03.
"These ABARE figures do not take into account impact on summer crops," she said.