Economic Impacts of Climate Change on the Agricultural Sector of the Colorado River Basin

Daniel Crespo, Mehdi Nemati, Ariel Dinar, Zachary Frankel and Nicholas Halberg

Choices: The Magazine of Food, Farm, and Resource Issues, 2024, vol. 39, issue 3

Abstract: The current Colorado River Basin (CRB) water system has a certain level of adaptability to scarcity, but once a certain threshold is surpassed, net income losses escalate rapidly, from $8 million following a 10% reduction in water availability to $69 million following a 30% reduction. Changes in cropping patterns are needed to address the effects of climate change.

Keywords: Crop Production/Industries; Environmental Economics and Policy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeach:364798

DOI: 10.22004/ag.econ.364798

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