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Corn Yields and Climate Change: The Innovation Challenge

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Abstract

Production agriculture depends heavily on exogenous environmental conditions, including weather. As such, agriculture is acutely vulnerable to the deleterious long-run effects of climate change. Indeed, mounting evidence suggests the likelihood of large negative impacts. What can be done about it? Actions to deal with climate change can be thought of as pursuing "mitigation" and/or "adaptation"-mitigation is about containing climate change by reducing greenhouse gas emissions, whereas adaptation blunts and counteracts the damaging consequences of climate change. Countries' free-riding incentives make global cooperation to reduce emissions difficult, and thus mitigation problematic. Adaptation, by contrast, is less vulnerable to opportunistic behavior because investments in adaptation often have local payoffs and substantial private good aspects.

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  • GianCarlo Moschini & Yongjie Ji & Seungki Lee, 2021. "Corn Yields and Climate Change: The Innovation Challenge," Center for Agricultural and Rural Development (CARD) Publications apr-winter-2021-1, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:apr-winter-2021-1
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    1. Xiong, Tao & Zhang, Wendong & Chen, Chen-Ti, 2021. "A Fortune from misfortune: Evidence from hog firms’ stock price responses to China’s African Swine Fever outbreaks," Food Policy, Elsevier, vol. 105(C).
    2. Chad Hart & Lee L. Schulz, 2021. "USDA Outlook for 2021 Shows Healthy Recovery," Center for Agricultural and Rural Development (CARD) Publications apr-winter-2021-5, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    3. Xi He & Dermot J. Hayes & Wendong Zhang, 2021. "Is China's Hog Rebuilding Complete? Reconciling Inventory and Price Data," Center for Agricultural and Rural Development (CARD) Publications apr-winter-2021-2, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    4. Xi He & Dermot J. Hayes & Wendong Zhang, 2021. "China's Agricultural Imports under the Phase One Deal: Is Success Possible?," Center for Agricultural and Rural Development (CARD) Publications 20-pb29, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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