Reuters reports [reuters.com]:
Record-low rainfall in some regions and successive seasons of above-average temperatures have blighted vast tracts of Australia's grazing and crop land.
[...] as grain silos in the south are emptied, desperate owners are being forced to slaughter animals, even if it means it will take years for herds to recover.
[...]
The ground in drought-hit regions has dried out to such a depth that it is even killing large trees.
[...]
The current dry period is not as extensive as the Millennium drought of 1997-2005, which devastated nearly 50 percent of the country's agricultural land and was associated with two El Nino systems, which bring hot, dry weather to Australia.