Hurricanes and Possible Intensity Increases: Effects on and Reactions from U.S. Agriculture

Chen, Chi-Chung and Bruce A. McCarl

Journal of Agricultural and Applied Economics, 2009, vol. 41, issue 01

Abstract: Hurricanes have caused substantial damage in parts of the U.S. Damages are increasing, perhaps as part of a natural cycle or perhaps in part related to global warming. This paper examines the economic damages that hurricanes cause to U.S. agriculture, estimates the increased damage from an increase in hurricane frequency/intensity, and examines the way that sectoral reactions reduce damages. The simulation results show that hurricanes and associated adjustments cause widespread damage and redistribute agricultural welfare. We find that crop mix shifts of vulnerable crops from stricken to nonstricken regions significantly mitigate hurricane damages.

Keywords: crop mix; hurricane intensity; stochastic agricultural sector model; Agribusiness; Crop Production/Industries; Production Economics; Q24; Q54; R14 (search for similar items in EconPapers)
Date: 2009
View list of references

Downloads: (external link)
http://purl.umn.edu/48758 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:joaaec:48758

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association
Contact information at EDIRC.
Series data maintained by AgEcon Search ().