The effects of climate change are felt throughout the entire agricultural value-chain, from individual farmers, ranchers and foresters to input suppliers, commodity transportation industry, as well as domestic and international markets for food and fiber. Economists have studied the effects of climate change on agriculture and forestry in the U.S. extensively. Economic effects vary widely by region and specific agricultural sectors, such as dairy, beef, row crops, small grains, and specialty crops. Despite the extensive research already done on the economic impacts of weather variability, extreme events, and climate change, it may still be challenging for farmers, ranchers, and foresters to find cost estimates for their specific sector and location. This highlights the importance of communicating and collaborating with your trusted local partners—such as University Extension, USDA Service Centers, and USDA Climate Hubs—who can help track down relevant economic studies. 

Continue to the full text of Economics and a Changing Climate or browse related content:

Vermont vegetable farmer on tractor

A Study of On-Farm Decision Making in an Era of Climate Change Climate forecasts suggest farmers in the Northeast will be faced with both challenges and opportunities. Currently, farmers and other land stewards manage the risks created by changeable weather patterns in many...

How Do Farmers Think about Climate Risk?

An image describing the components used to build Grass-Cast.

Every spring, ranchers face the same difficult challenge – trying to guess how much grass will be available for livestock to graze during the upcoming summer. An innovative Grassland Productivity Forecast or Grass-Cast published its first forecast on May 22, 2018 to help...

Grass-Cast: Grassland Productivity Forecast

Photo by Matt Mortenson. Steers drinking out of water trough.

09/19/17 Flexible Stocking Summit Report The Flexible Stocking Summit brought ranchers together from eastern Wyoming and Colorado, alongside USDA researchers and University Extension professionals. The summit was held at the Semiarid Grasslands Research Center near Nunn, CO, on...

Flexible Stocking Summit Report: A Peer-to-Peer Discussion and Learning Event

Irrigation lines at Intervale Community Farm

An Economic Case Study at Intervale Community Farm After severe drought in much of the Northeast in 2016, the following summer reminded us that the trend in the Northeast is for more rainfall. However, this rain is more often occurring in heavy downpours between periods of hot...

Irrigation Pays in Protecting Crop Revenues

3 cows on dry, brown range

The following content is from a publication from the Forest Service Office of Sustainability and Climate, the full content can be viewed/downloaded in PDF Drought Effects Droughts can result in reduced growth rates, defoliation, and increased stress on vegetation, with...

Drought and Rangelands: Effects and Management Responses

Hard engineering gully stabilization

Rainfall intensity is increasing in the Northeastern U.S., and stabilizing gullies is one strategy that can be used to protect against erosion. The Doyle-Burrs own a 272 acre family farm in Addison County, Vermont. The property had been a dairy farm for over 140 years, before ...

Economics of Gully Erosion Stabilization

Oyster Castles scene from Living Shorelines virtual tour

Smart Phone or Tablet? We suggest jumping over here for an improved virtual experience!   Sea levels are rising, and storm intensity and rainfall are projected to increase as the climate continues to warm. In 2012, Hurricane Sandy showed the state of New Jersey the power of...

Living Shorelines

Cover page to the USDA Urban Agriculture Toolkit

This toolkit lays out the common operational elements that most urban farmers must consider as they start up or grow their operations. It also contains a special section on resources for developing indoor growing operations, such as aquaponic facilities. For each element, the...

USDA Urban Agriculture Toolkit

Cover image to Adaptation Resources for Agricultire

Changes in climate and extreme weather are already increasing challenges for agriculture. This technical bulletin was developed specifically to meet the unique needs of agricultural producers, and provide educators and service providers in the Midwest and Northeast regions of...

Adaptation Resources for Agriculture: Responding to Climate Variability and Change in the Midwest and Northeast

Subscribe to Economics