Economic Impacts of Climate Change on Food Production

The economic impacts of climate change on food production continue to grow as extreme weather events increase and crop productivity declines.

Increasing atmospheric greenhouse gas concentrations result in increasing global temperature.

And increasing temperatures result in impacts to our climate systems and natural resources.

Further, and associated impacts on climate systems and our natural resources.

And ultimately impacts on our resources needed for food production.

So, climate change is most likely to result in increasing economic impacts for food production and food security.

For more information, please refer to Education.

Extreme weather events, hurricanes, floods, and droughts are resulting huge economic costs.

And these costs are increasing. Further these costs are projected to keep increasing.

In addition, rising sea levels, property losses, real estate valuations, and people migrations are projected to result in substantial costs.

Stranded Assets are “assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities”.

For example, a company may purchase new specialized equipment designed to handle only one type of crop or livestock.

And later, the market or buyers for that crop or livestock completely disappears and there is no longer any use for that specialized equipment.

As a result, the equipment becomes a stranded asset, having no or little remaining value.

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