Journal of Agricultural and Applied Economics
Cambridge University Press
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Climate change is occurring. Deviations from historic temperatures and precipitation plus increased frequency of extreme events are modifying agriculture systems globally. Adapting agricultural management practices offers a way to lessen the effects or exploit opportunities. Herein many aspects of the adaptation issue are discussed, including needs, strategies, observed actions, benefits, economic analysis approaches, role of public/private actors, limits, and project evaluation. We comment on the benefits and shortcomings of analytical methods and suggested economic efforts. Economists need to play a role in such diverse matters as projecting adaptation needs, designing adaptation incentives, and evaluating projects to ensure efficiency and effectiveness.
McCarl, B.A., A.W.Thayer, J.P.H. Jones. 2016. “The challenge of climate change adaptation for agriculture: an economically oriented review”. Journal of Agricultural and Applied Economics.