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Crop Yields Reduced By Climate Extremes

From 1980 to 2009, farmers faced an ever-increasing chance of having to deal with a growing season that was too hot and dry for their crops, according to a new study from an international team led by researchers at Aalto University. Wheat growers saw the biggest change, with the chance of extreme heat and drought during the growing season increasing sixfold over the study period. The risk for maize, rice, and soybean doubled – a smaller increase, but nevertheless considerable.

The researchers also investigated the effect of these conditions on crop yields. Their model showed that heat and drought reduced wheat yields by about 4% overall, though some regions saw much greater reductions, notably parts of Russia and China, both major global producers globally.

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CFTC Chair Defends Enforcement

Video: CFTC Chair Defends Enforcement

This week, the House Agriculture Committee heard testimony from Michael Selig, the Chairman of the Commodity Futures Trading Commission. Many of the questions focused on farmer’s access to trading and pricing data, and enforcement of insider trading on prediction markets.