1. Adapting to on-going drought in the Murray-Darling Basin Dale Ashton Senior Economist ABARE

3. Managing change. Financing farm activities Farm income and profit Debt and equity Non-farm income Changes to farm management Enterprise mix Irrigation technologies Water trading

4. Farm cash income by industry Average per farm $’000

5. Percentage change in farm business debt %

6. Components of debt Average per farm $’000

7. Percent of farms making capital additions %

8. Distribution of farms by equity ratio 90 to 99% equity Less than 75% equity 100% equity 75 to 89% equity

9. Distribution of farms by equity ratio Less than 75% equity AND low farm income

10. Contribution of non-farm income to total farm family income

12. Average net returns per hectare $’000/ha

13. Water application per hectare ML/ha

14. Water application per hectare ML/ha

15. Percent of farms trading water %

16. Percent of farms that were net buyers of temporary water allocations %

18. Managing change. Financing farm activities Farm income and profit Debt and equity Non-farm income Changes to farm management Enterprise mix Irrigation technologies Water trading