How can economic analysis assess climate change adaptation strategies in agriculture?
Climate change poses significant challenges and opportunities for agriculture, as it affects the productivity, profitability, and sustainability of farming systems. Adaptation strategies are the actions that farmers and other stakeholders can take to cope with or benefit from the changing conditions. Economic analysis can help assess the costs and benefits of different adaptation strategies, as well as their distributional and environmental impacts. In this article, you will learn about some of the main methods and tools that economists use to evaluate climate change adaptation strategies in agriculture.