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Author Dono, G.; Raffaele, C.; Luca, G.; Roggero, P.P.
Title Income Impacts of Climate Change: Irrigated Farming in the Mediterranean and Expected Changes in Probability of Favorable and Adverse Weather Conditions Type Journal Article
Year 2014 Publication German Journal of Agricultural Economics Abbreviated Journal German Journal of Agricultural Economics
Volume 63 Issue 3 Pages 177-186
Keywords discrete stochastic programming; rdp measures to adapt to climate change; economic impact of climate change; irrigated agriculture and climate change; insurance tools for adaptation to climate change; water markets; risk; variability; management; systems
Abstract EU rural development policy (RDP) regulation 1305/2013 aims to protect farmers’ incomes from ongoing change of climate variability (CCV), and the increase in frequency of adverse climatic events. An income stabilization tool (IST) is provided to compensate drastic drops in income, including those caused by climatic events. The present study examines some aspect of its application focussing on Mediterranean irrigation area where frequent water shortages may generate significant income reductions in the current climate conditions, and may be further exacerbated by climate change. This enhanced loss of income in the future would occur due to a change in climate variability. This change would appreciably reduce the probability of weather conditions that are favourable for irrigation, but would not significantly increase either the probability of unfavourable weather conditions or the magnitude of their impact. As the IST and other insurance tools that protect against adversity and catastrophic events are only activated under extreme conditions, farmers may not consider them to be suitable in dealing with the new climate regime. This would leave a portion of the financial resources allocated by the RDP unused, resulting in less support for climate change adaptation.
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Publisher Place of Publication Editor
Language English Summary Language Original Title
Series Editor Series Title Abbreviated Series Title
Series Volume Series Issue Edition
ISSN 0002-1121 ISBN Medium Article
Area Expedition Conference
Notes CropM, TradeM, ft_macsur Approved no
Call Number MA @ admin @ Serial 4669
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