The World Bank and the Asian Development Bank (ADP) expect temperatures in Vietnam to rise by between 1 and 3.4°C by the end of the century, putting an additional 6-12 million people at risk of flooding. Economic losses caused by climate change could reach US$15 billion by the middle of the century, with floods causing an additional US$9 billion worth of damage.
UK arable farming could be decimated if climate change causes the collapse of a vital pattern of ocean currents, according to new research. The study, produced by Exeter University and published in the journal Nature Food, looked at the impact of the Atlantic Meridional Overturning Circulation (AMOC) on UK agriculture and the impact its loss would have on the sector.
For the first time, government commodity analyst ABARES has quantified the financial loss Australian farmers have experienced due to the increasingly warmer and drier climate. It found changes in climate since 2000, had reduced the average broadacre farmer's profits by 22 per cent, or about $18,600 per year.
About 90 per cent of humanity — including most of the world’s poorest people — faces poorer harvests and smaller catches if efforts to fight climate change don’t drastically ramp up. And while Canada may be one of the only countries where production of grain and fish could increase, Canadians shouldn’t feel smug, says study co-author William Cheung from the University of British Columbia.
There’s an assumption in the agricultural industry that the yields and prices of crops will vary according to local conditions as well as supply and demand in local and international markets. As a result, farmers understand that not every year will be profitable but in the long run, all things being equal, the good years should outnumber the bad.
There’s an assumption in the agricultural industry that the yields and prices of crops will vary according to local conditions as well as supply and demand in local and international markets. As a result, farmers understand that not every year will be profitable but over the long run, all things being equal, the good years should outnumber the bad.
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