Abstract: The risks of food consumption are primarily linked to those of food production due to stochastic weather. Other sources of risk are associated with break-down of food trade or transport for weather or political reasons. Hopefully, future cures against increased risk due to climate change may be found with new agricultural technologies, systems of storage from favorable to unfavorable periods, more flexible trade-arrangements between favorable and unfavorable places. However, in the short run one has to rely on the available technology, storage facilities and trade agreements. With a realistic model of the stochastic global food system, it should be possible to measure risks of certain extreme unfavorable events.A realistic case will have countries with different climate in different growing seasons. Markets will be open for trade at a number of points per year, in which decisions of production, storage, trade and consumption can be coordinated as a static equilibrium. Determinants of this equilibrium are the weather up to this date reflected in the state of crops, the available harvested stocks and the decision-maker’s preferences. With a global stochastic process of weather, a stochastic sequence of equilibria follows. No Label

Abstract: A requirement for successful integration of soil, crop and economic models is a relevant interface of the three. Economic farming models deal with choice of crops, crop management during growing season and stock management after harvest. With detailed daily weather information the state of the soil might be simulated so that a suitable sowing date can be estimated. Moreover with rational beliefs with respect to future crop prices, and with a crop model which responds to management, the management during the growing season might be optimized with respect to choice of cultivar, fertilization and irrigation. So far, as reflected by Müller and Robertson (2014), predictions of future crop yields according to crop models take only to small extent such farmer responses into account, and might therefore overestimate the responses of crop harvests to climate.Comparison of soil, crop and economic simulations with observed weather and crop outcomes might lead to estimation/calibration of unobserved parameters in all models. Such exercises need generic soil, crop and economic models which do not leave modelling outcomes to the crop modeller’s or economist’s discretion. No Label