Agricultural adaptation: observations and insights

Mallawaarachchi, Thilak and Harris, Michael (2014). Agricultural adaptation: observations and insights. In John Quiggin, David Adamson and Daniel Quiggin (Ed.), Carbon pricing: early experiences and future prospects (pp. 145-164) Cheltenham, United Kingdom: Edward Elgar Publishing. doi:10.4337/9781782547747.00023


Author Mallawaarachchi, Thilak
Harris, Michael
Title of chapter Agricultural adaptation: observations and insights
Title of book Carbon pricing: early experiences and future prospects
Place of Publication Cheltenham, United Kingdom
Publisher Edward Elgar Publishing
Publication Year 2014
Sub-type Critical review of research, literature review, critical commentary
DOI 10.4337/9781782547747.00023
ISBN 9781782547730
9781782547747
Editor John Quiggin
David Adamson
Daniel Quiggin
Chapter number 9
Start page 145
End page 164
Total pages 20
Total chapters 10
Collection year 2015
Language eng
Abstract/Summary It has been recognized for some time that the benefits of climate change mitigation efforts will come too late to avoid substantial impacts from expected changes in the climate. It has also been acknowledged that scientific uncertainties prevent a firm understanding of how the effects of climate change will be distributed across sectors and locations, as well as through time (Garnaut, 2008; Tol, 2012). In this setting, it will be essential for farmers (and others) to adapt to changes in agronomic conditions that they face over time. Adaptation will be undertaken both in anticipation of change and in response to changes being experienced and the quantum, type and timing of adaptation responses by different firms and individuals will vary depending on their perception of change and its consequences. A key issue in understanding the role of public policy around adaptation is whether adaptation is likely to be insufficient or ineffective if left to autonomous adjustment led by market forces alone. It is well known that agriculture is highly exposed to climate variation and climate change presents a significant threat to improving agricultural productivity. It is also known that Australian agriculture has been engaged in an ongoing process of adaptation and evolution since European settlement. The sector is characterized by many comparatively small and heterogeneous producers, interacting directly with prevailing climatic and biological conditions. The sector continually confronts risk associated with climate and biology (production risk) and market volatility (market risk).
Keyword Economics and finance
Environmental economics
Environment
Climate change
Environmental economics
Environmental politics and policy
Valuation
Politics and public policy
Q-Index Code B1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Book Chapter
Collections: Official 2015 Collection
School of Economics Publications
 
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Created: Mon, 14 Jul 2014, 21:28:36 EST by Ms Dulcie Stewart on behalf of School of Economics