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Economic Implications Of Global Climate Change For World Agriculture

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  • Tobey, James A.
  • Reilly, John M.
  • Kane, Sally

Abstract

This paper challenges the hypothesis that negative yield effects in key temperate grain producing regions of the world resulting from global climate change would have a serious impact on world food production. Model results demonstrate that even with concurrent productivity losses in the major grain producing regions of the world, global warming will not seriously disrupt world agricultural markets. Country/regional crop yield changes induce interregional adjustments in production and consumption that serve to buffer the severity of climate change impacts on world agriculture and result in relatively modest impacts on world agricultural prices and domestic economies.

Suggested Citation

  • Tobey, James A. & Reilly, John M. & Kane, Sally, 1992. "Economic Implications Of Global Climate Change For World Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), July.
  • Handle: RePEc:ags:jlaare:30725
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    File URL: http://purl.umn.edu/30725
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    References listed on IDEAS

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    1. Adams, Richard M. & McCarl, Bruce A. & Dudek, Daniel J. & Glyer, J. David, 1988. "Implications Of Global Climate Change For Western Agriculture," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(02), December.
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    Cited by:

    1. Cai, Ruohong & Yu, Danlin & Oppenheimer, Michael, 2014. "Estimating the Spatially Varying Responses of Corn Yields toWeather Variations using GeographicallyWeighted Panel Regression," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(2), August.
    2. Lambert, David K. & McCarl, Bruce A. & He, Quifen & Kaylen, Michael S. & Rosenthal, Wesley & Chang, Ching-Cheng & Nayda, W.I., 1995. "Uncertain Yields In Sectoral Welfare Analysis: An Application To Global Warming," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(02), December.
    3. Martinez, Pilar & Blanco, Maria & Van Doorslaer, Benjamin & Ramos, Fabien & Stanca, Lucian, 2015. "What role does climate change play in agricultural market uncertainty? An integrated assessment taking into account market-driven adjustments," 2015 Conference, August 9-14, 2015, Milan, Italy 212230, International Association of Agricultural Economists.
    4. Syud Amer Ahmed & Noah S. Diffenbaugh & Thomas W. Hertel & William J. Martin, 2012. "Agriculture and Trade Opportunities for Tanzania: Past Volatility and Future Climate Change," Review of Development Economics, Wiley Blackwell, vol. 16(3), pages 429-447, August.
    5. repec:eee:agisys:v:156:y:2017:i:c:p:52-66 is not listed on IDEAS
    6. Paul Winters & Rinku Murgai & Elisabeth Sadoulet & Alain de Janvry & George Frisvold, 1998. "Economic and Welfare Impacts of Climate Change on Developing Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(1), pages 1-24, July.
    7. Blanco, Maria & Ramos, Fabien & Van Doorslaer, Benjamin, 2014. "Economic impacts of climate change on agrifood markets: A bio-economic approach with a focus on the EU," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182826, European Association of Agricultural Economists.
    8. Reilly, J. & Paltsev, S. & Felzer, B. & Wang, X. & Kicklighter, D. & Melillo, J. & Prinn, R. & Sarofim, M. & Sokolov, A. & Wang, C., 2007. "Global economic effects of changes in crops, pasture, and forests due to changing climate, carbon dioxide, and ozone," Energy Policy, Elsevier, vol. 35(11), pages 5370-5383, November.
    9. Frisvold, George B. & Sullivan, John & Raneses, Anton, 2003. "Genetic improvements in major US crops: the size and distribution of benefits," Agricultural Economics, Blackwell, vol. 28(2), pages 109-119, March.
    10. Valdes, Constanza & Arriola, Christine & Somwaru, Agapi & Gasques, Jose Garcia, 2010. "Brazil’S Climate Adaptation Policies: Impacts On Agriculture," Proceedings Issues, 2010: Climate Change in World Agriculture: Mitigation, Adaptation, Trade and Food Security, June 2010, Stuttgart- Hohenheim, Germany 91420, International Agricultural Trade Research Consortium.
    11. Pervez Zamurrad Janjua & Ghulam Samad & Nazakat Ullah Khan, 2010. "Impact of Climate Change on Wheat Production: A Case Study of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 799-822.
    12. Gerald C. Nelson & Dominique Mensbrugghe & Helal Ahammad & Elodie Blanc & Katherine Calvin & Tomoko Hasegawa & Petr Havlik & Edwina Heyhoe & Page Kyle & Hermann Lotze-Campen & Martin Lampe & Daniel Ma, 2014. "Agriculture and climate change in global scenarios: why don't the models agree," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 85-101, January.
    13. Williams, Michael, 1995. "Global warming and carbon taxation: Optimal policy and the role of administration costs," Energy Economics, Elsevier, vol. 17(4), pages 319-327, October.

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    Keywords

    Environmental Economics and Policy;

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