Global warming can be creating substantial economic damage in agriculture. Around the world climate change is threatening agriculture production. Since climate change is effecting agriculture it is causing food prices to go up. Since Agriculture is very sensitive to climate change, even a small change ion temperatures can have serious effects on crop yields. The economic loses in agriculture, annually can add up to .8 percent which doesn't seem like that much but it translates to 2.5 trillion U.S. dollars. In contrast further trade liberalization in agriculture commodities would help reduce financial damage globally by 65 percent.
Increasing production or expanding cultivated land into previously untouched land could come as a risk
it could lead to additional greenhouse gas emissions through deforestation or increased fertilizer use. This could then further change climate change pressure on agriculture products. If food prices increase due to climate change impacts, households would have to pay more for their food consumption. If prices increase, it could also face risks of insufficient access to food and malnutrition. It can account for changes in global patterns of agricultural productivity and allow reducing production costs.
https://www.sciencedaily.com/releases/2016/08/160824143903.htm
Increasing production or expanding cultivated land into previously untouched land could come as a risk
it could lead to additional greenhouse gas emissions through deforestation or increased fertilizer use. This could then further change climate change pressure on agriculture products. If food prices increase due to climate change impacts, households would have to pay more for their food consumption. If prices increase, it could also face risks of insufficient access to food and malnutrition. It can account for changes in global patterns of agricultural productivity and allow reducing production costs.
https://www.sciencedaily.com/releases/2016/08/160824143903.htm