Home > Agri-News, Bank Micro-Finance > IFPRI:: $7bn for asian farmers to adapt climate change

IFPRI:: $7bn for asian farmers to adapt climate change

The International Food Policy Research Institute (Ifpri) has called for an additional annual investment of $7 billion in agricultural productivity to help farmers adapt to climate change. It is estimated that climate change will reduce wheat yield 30% and rice 15%. Prices of these two essential cereals are projected to rise more than 100%. It will also drive almost 25 million children to malnourishment. The study, Climate change: impact on agriculture and costs of adaptation, was prepared by Ifpri for inclusion in two separate reports from the Asian Development Bank and the World Bank, both released recently at Bangkok. “Investments are needed in agricultural research, improved irrigation and rural roads to increase market access for poor farmers. Without new technology and adjustments by farmers, climate change will reduce irrigated wheat yields in 2050 by around 30% in developing countries compared to a no-climate change scenario. Irrigated rice yields will fall by 15%. Developing countries will be hit hardest by climate change and will face bigger declines in crop yields and production than industrialised countries, the study finds. “Agriculture is extremely vulnerable to climate change, because farming is so weather-dependent. Small-scale farmers in developing countries will suffer the most,” noted Mark Rosegrant, director of Ifpri’s environment and production technology division and report co-author.

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: