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Modeling agricultural production risk and the adaptation to climate change

Modeling agricultural production risk and the adaptation to climate change An approach that integrates biophysical simulations in an economic model is used to analyze the impact of climate change on Swiss corn and winter wheat production. Adaptation options such as changes in sowing dates, changes in production intensity, and the adoption of irrigation farming are considered in the model. By carrying out sensitivity analysis with different scenarios, we find farmers’ adaptation actions and crop yeilds to be very sensitive to both climate change and output prices. Moreover, our model results show that simple adaptation measures are sufficient to generate higher and less variable crop yields in the future. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Agricultural Finance Review Emerald Publishing

Modeling agricultural production risk and the adaptation to climate change

Agricultural Finance Review , Volume 68 (1): 17 – May 5, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
0002-1466
DOI
10.1108/00214660880001217
Publisher site
See Article on Publisher Site

Abstract

An approach that integrates biophysical simulations in an economic model is used to analyze the impact of climate change on Swiss corn and winter wheat production. Adaptation options such as changes in sowing dates, changes in production intensity, and the adoption of irrigation farming are considered in the model. By carrying out sensitivity analysis with different scenarios, we find farmers’ adaptation actions and crop yeilds to be very sensitive to both climate change and output prices. Moreover, our model results show that simple adaptation measures are sufficient to generate higher and less variable crop yields in the future.

Journal

Agricultural Finance ReviewEmerald Publishing

Published: May 5, 2008

Keywords: Biophysical modeling; Climate change; Crop production functions; Crop yields; Robust estimation; Yield variation

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