Over 2012 and 2013, parts of New Zealand experienced their worst drought in nearly 70 years. Drought is the costliest climate extreme in New Zealand; the 2012-2013 event depressed the country’s GDP by 0.7-0.9%. The drought of 1988-1989 affected 5,500 farms, pushing some farmers to the wall. But what does a climate-changed future hold? Recent...