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Author: Ithipong Assaranurak
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
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Book Description
The central question of studies of economic impacts of climate change is adaptation of economic agents. In US agricultural market, it is not known if and how farmers are making decisions to manage risks from climate change with current tools available. How farmers allocate their resources to manage risk under changing risk level of production is not well understood in empirical setting. In this study, I identify the effects of weather shocks on the United States federal crop insurance demand, using crop insurance data, corn production data, weather data, and climate opinion data. The data spans every county in the US from 1990 to 2015. I find that farmers on the eastern side of the 100th meridian line in the US start adapting to climate change by enrolling more corn farmland into crop insurance programs following the period of heat shocks. More specifically, a 1,000-unit of increase in extreme degree days the share of insured land ratio of the next year by 0.02 on average. The results are however observed only in the second period (2003-2015) of the data for the counties in states on the eastern side of the 100th meridian line in the US. One hypothesis that I proposed in this study is that the underlying risk attitude has changed due to changing beliefs about climate distributions. I test the hypothesis of production risk attitude, denoted in this study as proportion of population who believed in global warming to be one explanatory variable with cross-sectional data from the year 2014, regressing it on changes in insured land ratio. I find that the higher share of population who believe in global warming in a county is correlated with higher changes in insured land ratio. This confirms our hypothesis that farmers start adapting to climate change using crop insurance, however, only starting in the second period of the study. The paper contributes to the literature on economic impacts of climate change and crop insurance demand.
Author: Ithipong Assaranurak
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
Get Book Here
Book Description
The central question of studies of economic impacts of climate change is adaptation of economic agents. In US agricultural market, it is not known if and how farmers are making decisions to manage risks from climate change with current tools available. How farmers allocate their resources to manage risk under changing risk level of production is not well understood in empirical setting. In this study, I identify the effects of weather shocks on the United States federal crop insurance demand, using crop insurance data, corn production data, weather data, and climate opinion data. The data spans every county in the US from 1990 to 2015. I find that farmers on the eastern side of the 100th meridian line in the US start adapting to climate change by enrolling more corn farmland into crop insurance programs following the period of heat shocks. More specifically, a 1,000-unit of increase in extreme degree days the share of insured land ratio of the next year by 0.02 on average. The results are however observed only in the second period (2003-2015) of the data for the counties in states on the eastern side of the 100th meridian line in the US. One hypothesis that I proposed in this study is that the underlying risk attitude has changed due to changing beliefs about climate distributions. I test the hypothesis of production risk attitude, denoted in this study as proportion of population who believed in global warming to be one explanatory variable with cross-sectional data from the year 2014, regressing it on changes in insured land ratio. I find that the higher share of population who believe in global warming in a county is correlated with higher changes in insured land ratio. This confirms our hypothesis that farmers start adapting to climate change using crop insurance, however, only starting in the second period of the study. The paper contributes to the literature on economic impacts of climate change and crop insurance demand.
Author: Ann Jaworski
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Climate change is expected have massive detrimental effects on agriculture. Changing climate patterns will also make many locations inhospitable to the crops currently grown there. In order to mitigate the effects of climate change on agriculture, farmers should adapt by changing the mix of crops grown in a given location. Federal crop insurance masks incentives American farmers would otherwise have to adapt to climate change through crop choice. Large premium subsidies -- with most insured farmers paying less than half of the actuarially sound premium -- are a huge part of this problem. This Note explains the connection between crop choice and climate change. It then analyzes existing proposals for reforming the crop insurance system to better incentivize adaptation to climate change, and highlights some political and practical obstacles to doing so. Finally, it argues that a tiered subsidy system -- in which crops at high risk of failure due to location-specific climate risks receive lower subsidies -- could be a feasible, incremental solution to the problem.
Author: William R. Sutton
Publisher: World Bank Publications
ISBN: 0821397699
Category : Business & Economics
Languages : en
Pages : 201
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Book Description
The risks and opportunities of climate change for agriculture can be effectively dealt only by aligning policies, developing institutional capabilities, and investing in infrastructure and farms, as per the experiences of Albania, FYR Macedonia, Moldova, and Uzbekistan.
Author: Nicolas Ahouissoussi
Publisher: World Bank Publications
ISBN: 1464801487
Category : Business & Economics
Languages : en
Pages : 139
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Book Description
The impacts of climate change on agricultural systems and rural economies are already evident throughout Europe and Central Asia. This study, Reducing the Vulnerability of Georgia’s Agricultural Systems to Climate Change, provides a menu of options for climate change adaptation in the agricultural and water resources sectors in Georgia.
Author: William R. Sutton
Publisher: World Bank Publications
ISBN: 1464800456
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
This World Bank study brings together the forecast climate change impacts, costs vs. benefits of adaptation measures, and recommendations from the work conducted in Moldova.
Author: Christopher R. Bryant
Publisher: Springer
ISBN: 3319313924
Category : Science
Languages : en
Pages : 240
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Book Description
This book deals with one of the major challenges facing human society and its governments, climate change and variability. The principal objective of the book is to explore how agricultural production through the actions primarily of farmers, including peasant farmers, adapt to these changing circumstances, what the limitations of adaptation are, how the process of adaptation varies between different territories (e.g. developed countries versus developing countries), and what are or can be the most effective roles for actors other than the farmers, including different levels of government and non-governmental organizations (NGOs) such as professional associations of farmers and community organizations. The principal argument is threefold: 1) while there are significant differences between territories and countries in terms of the capacity of farmers (and the other actors) to engage in capacity building to be able to adapt effectively to climate change and variability, 2) the critical roles are those played out by the farmers themselves, but that 3) other actors can play an important role in accompanying farmers in their adaptation process, providing relevant and strategic information, counseling them and facilitating networking and meetings when appropriate. This effectively means that without engaging in the local adaptation processes governments can really only play effective roles by working with other actors at the local and regional levels. When it occurs, it can be very effective, but when it does not, farmers are left to their own devices (and even then, many are able to use their own creativity and local knowledge to survive and continue to develop). Essentially therefore, the secondary argument that is followed throughout the book is that adaptation is essentially a social process that requires an understanding of social processes and dynamics in each farming community and territory. It involves an understanding, for instance, of information diffusion processes in the different farming communities and territories, which provides a set of tools to promote and facilitate the adoption process in the context of adaptation to climate change and variability.
Author: Toshichika Iizumi
Publisher: Springer Nature
ISBN: 9811392358
Category : Technology & Engineering
Languages : en
Pages : 228
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Book Description
This book highlights state-of-the-art research and practices for adaptation to climate change in food production systems (agriculture in particular) as observed in Japan and neighboring Asian countries. The main topics covered include the current scientific understanding of observed and projected climate change impacts on crop production and quality, modeling of autonomous and planned adaptation, and development of early warning and/or support systems for climate-related decision-making. Drawing on concrete real-world examples, the book provides readers with an essential overview of adaptation, from research to system development to practices, taking agriculture in Asia as the example. As such, it offers a valuable asset for all researchers and policymakers whose work involves adaptation planning, climate negotiations, and/or agricultural developments.
Author:
Publisher: DIANE Publishing
ISBN: 143798827X
Category :
Languages : en
Pages : 215
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Book Description
Author: Shyam Singh Yadav
Publisher: John Wiley & Sons
ISBN: 0470960906
Category : Technology & Engineering
Languages : en
Pages : 630
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Book Description
A major task of our time is to ensure adequate food supplies for the world's current population (now nearing 7 billion) in a sustainable way while protecting the vital functions and biological diversity of the global environment. The task of providing for a growing population is likely to be even more difficult in view of actual and potential changes in climatic conditions due to global warming, and as the population continues to grow. Current projections suggest that the world's temperatures will rise 1.8-4.0 by 2100 and population may reach 8 billion by the year 2025 and some 9 billion by mid-century, after which it may stabilize. This book addresses these critical issues by presenting the science needed not only to understand climate change effects on crops but also to adapt current agricultural systems, particularly in regard to genetics, to the changing conditions. Crop Adaptation to Climate Change covers a spectrum of issues related to both crops and climatic conditions. The first two sections provide a foundation on the factors involved in climate stress, assessing current climate change by region and covering crop physiological responses to these changes. The third and final section contains chapters focused on specific crops and the current research to improve their genetic adaptation to climate change. Written by an international team of authors, Crop Adaptation to Climate Change is a timely look at the potentially serious consequences of climate change for our global food supply, and is an essential resource for academics, researchers and professionals in the fields of crop science, agronomy, plant physiology and molecular biology; crop consultants and breeders; as well as climate and food scientists.
Author: William R. Sutton
Publisher: World Bank Publications
ISBN: 1464800006
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
This study brings together the forecast climate change impacts, costs vs. benefits of adaptation measures, and recommendations from the work conducted in Uzbekistan under the World Bank’s program, “Reducing Vulnerability to Climate Change in European and Central Asian Agricultural Systems”
