ANNUAL REPORT FLIPPING BOOK.pdf

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EXTREME WEATHER EVENTS: THE IMPACT ON GLOBAL CROP PRODUCTION

Ten years ago, most of the talk around climate and its impacts on food and farming focused on the decades ahead and the opportunities and challenges which climate change might bring. This remains a hugely relevant issue of course, not least regarding investment decisions, supply chain planning, the food YHUVXV IXHO GHEDWH DQG VXVWDLQDEOH LQWHQVLÀFDWLRQ PRUH JHQHUDOO\ +RZHYHU WKH ZHDWKHU DQG FOLPDWH RI the here and now have taken centre stage in recent years, placing enormous stress on food production V\VWHPV WKURXJK D SOHWKRUD RI H[WUHPH HYHQWV FRQWULEXWLQJ VLJQLÀFDQWO\ WR YRODWLOLW\ LQ FRPPRGLW\ SULFHV Where once we focused almost exclusively on the weather in our own backyard, now we have more than one eye on the impacts of weather conditions around the world, for example in South America, Eastern Europe, Australia, China and North America. Commodity markets speak of ‘needing a weather event’ to LQWURGXFH DQRWKHU URXQG RI YRODWLOLW\ DQG ÀQDQFLDO RSSRUWXQLW\ LQWR WKH PDUNHW $ UHFRUG EUHDNLQJ \HDU RI ORFDO SURGXFWLRQ RQ IDUP LV QR ORQJHU D JXDUDQWHH RI D JRRG ÀQDQFLDO UHWXUQ

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