Assessment of the impact of climate risks on agriculture in the context of global warming

Abstract

Understanding the possible climate risks and potential economic losses of agribusiness in different regions is becoming a determining factor in the strategic planning of agricultural activities in the context of global warming. The purpose of this work was to assess the climate risks for agriculture in Russia. The study was conducted using techniques and tools of multivariate correlation analysis. The authors investigated the influence of deviations of the average monthly amounts of temperatures and precipitation from the average long-term values on the deviation of grain yields, using a set of data for 17 regions of the Central Federal district of Russia for the period of 2000-2019. The results showed that a smooth change in the parameters of heat and precipitation does not significantly affect the yield of grain crops. At the same time, increasing annual temperature variability and precipitation significantly reduce yields. An increase in the frequency of extreme events causes a growth in the probability of environmental and economic damage and the magnitude of climate risks. The maximum level of climate risk requires an appropriate adjustment of the agribusiness development strategy and the creation of an institution in society of fair compensation for damage caused by global warming factors.

Effect of Global Warming on Agricultural Productivity

“…Adjei-Nsiah (2015); Dubovitski (2021); Opiyo (2015) and Huang (2015) posit a conceptual gap as none of these studies addresses the effects of global warming on agriculture. Agyekum (2019) and Suphachalasai (2019) present a methodological gap as these studies used mixed-methods approach and descriptive research design while the current study adopts desktop study research design.…”

“…The study recommends that policies and programs aimed at supporting smallholder maize farmers in Ghana should focus on promoting adaptation strategies that are affordable and accessible to farmers, including improved access to weather information, droughtresistant crop varieties, and water management technologies. Dubovitski (2021) assessed the climate risks for agriculture in Russia. The study was conducted using techniques and tools of multivariate correlation analysis.…”

The response of oil palm seedlings' growth to vermicompost and water stress under the main nursery stage

“…The effects of climate change are being felt in every aspect of human existence, however, the agricultural and plantation industries are bearing the brunt of the consequences. As a result of water stress, soil quality and fertility have begun to deteriorate, which in turn has a negative impact on crop yields (Dubovitski et al, 2021;Lamb et al, 2021;Liliane & Charles, 2020;Zhang et al, 2022).…”