How Climate Change Impacts The Economics of Food

www.bloomberg.com

As temperatures rise, the best growing conditions for many crops are moving away from the tropics, fish and other underwater catches, too, are migrating to colder seas as their habitats warm. An evolving climate means big changes for people who grow, catch and rear for a living, and everyone else who buys and eats what they produce. 

The primary agricultural markets for wine, wheat, coffee, lobster, and more crops are all being affected by this shift in changing climate, and regions like Russia, Canada, U.K., once not known for agriculture are ramping up higher outputs. Nations reliant on food imports, many also in the Middle East and Africa, are vulnerable to supply upsets thousands of miles away that ripple through global markets to push up the cost of household staples.

Commodities in this story: Coffee, Wheat, Corn

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