Management Liability for Not-for-Profit Organisations
Australia has about 60,000 registered not-for-profit organisations, according to the Australian Charities and Not-for-Profits Commission (ACNC).
Last year’s wetter and warmer weather than average could be a sign of things to come. And that trend is not just because Australian agriculture has endured three La Niña weather patterns in a row.
Uncertainty and extremes are the themes for our country’s future climate and globally. Last month, the Intergovernmental Panel on Climate Change issued its six-yearly report, which synthesised 14,000 scientific papers. Since the pre-industrial age, global temperatures have risen 1.1oC due to burning fossil fuels.
The report notes “observed widespread impacts and related losses and damages due to climate change”, such as:
As for shorter-term changes, there’s a 50% chance of the drier phenomenon – El Niño – starting later this year.
Why should farmers care about climate change?
The increasing extremes of weather patterns translate to a range of challenges for farmers in the future, says PreventionWeb, managed by The United Nations Office for Disaster Risk Reduction.
Expected challenges to impact farm profits include:
Between 2001 and 2020, climate change has reduced average yearly farm profits by almost 23%, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). The worst-affected activities are cropping (northern, western and southern regions) and mixed sheep.
Recent decades show farming practices can successfully adjust to changing conditions, including:
Apart from the above suggestions, farmers should actively seek updates from reputable government, industry and commercial bodies on research about agricultural practices and technology. As well, tap into improved real-time weather information and forecasting. Here’s a list of the top nine weather apps for Australian farmers, and this one from CSIRO for weather information down to the paddock level.
ABARES expects climate change will lead to tougher conditions and the need for farms to make significant adaptations, some of which have already started.
Consider boosting risk management for your unique farming operations with the appropriate insurance, such as crop and/or livestock cover. Generally, crop insurance protects your farm against the risks of fire, hail, rain and frost. You can opt for a specific policy to cover multi or single peril. The latter, also known as weather parametric insurance, offers coverage for lack of rain, frost, wind (cyclone) and too much rain, for instance.
Meanwhile, farm livestock insurance also offers a choice of covers, including:
Whatever climate change brings to your farm, there’s plenty you can do to manage the onslaught and adapt. Talk to us for more guidance and to make sure your insurance aligns with your risk management strategy.
Article supplied by OneAffiniti
Photo by Dan Meyers on Unsplash