College of Liberal Arts Gosnell Lecture Series
THE GOSNELL LECTURE SERIES
***PRESENTS***
Professor Sandy Dall’erba
Department of Agricultural & Consumer Economics
University of Illinois at Urbana-Champaign
“US Interstate Trade Will Mitigate the Negative Impact of Climate Change on Crop Profit”
According to the current Intergovernmental Panel of Climate Change report, climate change will increase the probability of occurrence of droughts in some areas. Recent contributions at the international level indicate that trade is expected to act as an efficient tool to mitigate the adverse effect of future climate conditions on agriculture. However, no contribution has focused on the similar capacity of trade within any country yet. The U.S. is an obvious choice given that many climate impact studies focus on its agriculture and around 90% of the U.S. crop trade is domestic. Combining a recent state-to-state trade flow dataset with detailed drought records at a fine spatial and temporal resolution, this lecture highlights first that trade increases as the destination state experiences more drought and inversely in the origin state. As a result, crop growers’ profits depend on both local and trade partners’ weather conditions. Projections based on future weather data convert the crop grower’s expected loss without trade into expected profit.
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MEETING ID: 861 4465 7949
PASSWORD: 345957
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Event Snapshot
When and Where
Who
Open to the Public
| Cost | FREE |
Interpreter Requested?
No