Estimating the Costs and Benefits of Adapting Agriculture to Climate Change

Anita Wreford, Dominic Moran, Andrew Moxey, K. Andy Evans, Naomi Fox, Klaus Glenk, Mike Hutchings, Davy I. McCracken, Alistair McVittie, Malcolm Mitchell, Cairistiona F. E. Topp and Eileen Wall

EuroChoices, 2015, vol. 14, issue 2, 16-23

Abstract: type="graphical" xml:id="euch12086-abs-0101">

A changing climate will inevitably impact on the natural environment, including agriculture. Anticipatory adaptation is necessary to minimise the negative impacts of climate change, to take advantage of opportunities, and to ensure that food and fibre production is maintained. More detailed information is required as to which adaptation measures will yield relatively greater social rates of return. Such information would help define an efficient adaptation agenda in the agricultural sector. This article identifies key adaptation strategies across England's agricultural sector, and applies cost–benefit analysis to these to determine their net present values, highlighting where the greatest returns can be made, and the role for policy.

Date: 2015
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