DATE: July 2024
SECTOR: Agriculture, Food Production
SOURCE: The U.S. Department of Agriculture’s Economic Research Service (USDA ERS)
TOPIC: Agricultural Productivity
SUMMARY: A look into the future of agricultural supply and demand in the context of climate change and a growing population, focusing on corn, rice, soybeans, and wheat.
DESCRIPTION: Throughout history, agriculture has generally met the global demand for food. However, a changing climate could impact agricultural productivity and crop yields, potentially undermining the world’s ability to feed a population projected to reach 9.8 billion by 2050. This new USDA ERS study sheds light on the future of global food supply and demand under climate change, analyzing the impact of different levels of R&D investment on productivity for corn, rice, soybeans, and wheat.
Read a report summary: Climate-Induced Yield Changes and TFP Summary
Read the full report: Climate-Induced Yield Changes and TFP Full Report
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