Abstract. We present the results of study of a possible relationship between the space weather and terrestrial markets of agricultural products. It is shown that to implement the possible effect of space weather on the terrestrial harvests and prices, a simultaneous fulfillment of three conditions is required: 1) sensitivity of local weather (cloud cover, atmospheric circulation) to the state of space weather; 2) sensitivity of the area-specific agricultural crops to the weather anomalies (belonging to the area of risk farming); 3) relative isolation of the market, making it difficult to damp the price hikes by the external food supplies. Four possible scenarios of the market response to the modulations of local terrestrial weather via the solar activity are described. The data sources and analysis methods applied to detect this relationship are characterized. We describe the behavior of 22 European markets during the medieval period, in particular, during the Maunder minimum . We demonstrate a reliable manifestation of the influence of space weather on prices, discovered in the statistics of intervals between the price hikes and phase price asymmetry. We show that the effects of phase price asymmetry persist even during the early modern period in the U.S. in the production of the durum wheat. Within the proposed approach, we analyze the statistics of depopulation in the eighteenth and nineteenth century Iceland, induced by the famine due to a sharp livestock reduction owing to, in its turn, the lack of foodstuff due to the local weather anomalies. A high statistical significance of temporal matching of these events with the periods of extreme solar activity is demonstrated. We discuss the possible consequences of the observed global climate change in the formation of new areas of risk farming, sensitive to space weather.
HISTORICAL INTRODUCTIONThe problem of the possible influence of solar activity on the Earth's agriculture has an almost 300 year-long history. One of its first references appears in the description of the British Royal Society (the analog of the Academy of Sciences) by a famous professor of theology and, concurrently, the father of European satire Jonathan Swift in his book devoted to the third Gulliver's Travel to the island of Laputa [1]. In this keen satire, Swift, describing the main activities of the Laputans 1 mentioned the following as their two main phobias:1) Under the influence of a heavenly body (a comet), the Earth, got caught in its glowing tail, will undergo a period of "global warming," threatening imminent death to all living creatures;2) The Sun will be covered with its own feces (spots) and will cease sending the light and 1 As Swift asserted, the Laputans devoted most of their time to the attempts of studying the matter using super-strong magnets and researching the skies with giant telescopes. We can't but note that these engagements do ever since (for 300 years by now) hold the leading positions in the scientific programs ventured by mankind.2 warmth to Earth (followed by t...