- A broad range of actions are possible to combat those times when climate becomes a risk. These may include:
- using early warning and response systems, such as seasonal outlooks or weather forecasts;
- strategic diversification to spread the risk;
whole-farm planning and resource allocation to activities or seasons or years;
- careful assessment and use of relevant financial instruments such as insurance, sales contracts, hedging etc., and;
- infrastructure design, e.g., dams, wind breaks, animal shelters, land contours, drip irrigation and so on.
- Climate change presents new risks and therefore new challenges in risk management.
- In a country as large as Australia, there could also be new opportunities.
- It is therefore increasingly useful to understand how your climate may already be changing, and to plan for future risks.
- It is a cost-effective strategy to consider actions that can be taken today that will improve current options as well as help buffer against future climate change.