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Posts tagged: commodity

Adapting to Climate Change and Drought Risk

Some regions of the United States seem to experience drought more often and more severely. Farmers in more drought-prone regions are adapting to their higher exposure. Photo Credit: Shutterstock.

Some regions of the United States seem to experience drought more often and more severely. Farmers in more drought-prone regions are adapting to their higher exposure. Photo Credit: Shutterstock.

Economists working on climate change spend a lot of time trying to predict how farmers are going to adapt.  Without knowing how farmers will react to higher average temperatures or different rainfall patterns, we cannot accurately say what climate change will mean for the future.  Farmers have many adaptation options available.  They can change the mix of crops they grow, as well as their production practices, and production might be redistributed across regions. The Economic Research Service (ERS) has looked at potential impacts including how some regions will be impacted through commodity price changes resulting from climate-driven crop acreage changes farmers make in other regions. Read more »

Look Who’s Speaking at the Forum–It’s an All-Star Cast

Another impeccable line-up of speakers, led by Agriculture Secretary Tom Vilsack, has been announced for the 2011 Agricultural Outlook Forum. Titled “Today’s Strategies & Tomorrow’s Opportunities,” the Forum will be held February 24-25, 2011, at the Crystal Gateway Marriott Hotel in Arlington, Va.  The Plenary Panel speakers include:

Moderator—Christine Cochran, President, Commodity Markets Council; Nariman Behravesh, Chief Economist, IHS Global Insight on Critical Issues Shaping the Global Economic Outlook; Charles Whitman, Founder and CEO, Infinium Capital Management on Electronic Trading and the Globalization of Grain Markets; Pete Nessler, President, FCStone, LLC on A Brokerage Firm’s Approach to Risk Management; Michael Copps, Commissioner, Federal Communications Commission on Opening the Internet to the Rural Community. Read more »