• Journal Article

THE CHALLENGE OF CLIMATE CHANGE ADAPTATION FOR AGRICULTURE: AN ECONOMICALLY ORIENTED REVIEW

Citation

McCarl, B. A., Thayer, A., & Jones, J. (2016). THE CHALLENGE OF CLIMATE CHANGE ADAPTATION FOR AGRICULTURE: AN ECONOMICALLY ORIENTED REVIEW. Journal of Agricultural and Applied Economics, 48(4), 321-344. DOI: 10.1017/aae.2016.27

Abstract

Climate change is occurring. Deviations from historic temperatures and precipitation plus increased frequency of extreme events are modifying agriculture systems globally. Adapting agricultural management practices offers a way to lessen the effects or exploit opportunities. Herein many aspects of the adaptation issue are discussed, including needs, strategies, observed actions, benefits, economic analysis approaches, role of public/private actors, limits, and project evaluation. We comment on the benefits and shortcomings of analytical methods and suggested economic efforts. Economists need to play a role in such diverse matters as projecting adaptation needs, designing adaptation incentives, and evaluating projects to ensure efficiency and effectiveness.