Estimating market implications from corn and soybean yields under climate change in the United States / Jayson Beckman, Maros Ivanic, and Noé J Nava.

Format:

Book

Government document

Author/Creator:

Beckman, Jayson, author.

Ivanic, Maros, author.

Nava, Noé J., author.

Contributor:

United States. Department of Agriculture. Economic Research Service, issuing body.

Series:

Economic research report (United States. Department of Agriculture. Economic Research Service) ; no. 324.

Economic research report ; no. 324

Language:

English

Subjects (All):

Corn--Yields--Climatic factors--United States.

Corn.

Soybean--Yields--Climatic factors--United States.

Soybean.

Agricultural productivity--Economic aspects--United States.

Agricultural productivity.

Produce trade--Environmental aspects--United States.

Produce trade.

Produce trade--United States--Forecasting.

United States.

Physical Description:

1 online resource (ii, 25 pages) : color illustrations, color maps.

Place of Publication:

[Washington, D.C.] : Economic Research Service, U.S. Department of Agriculture, 2023.

Summary:

The United States is one of the largest producers and exporters of corn and soybeans globally partly because of yields that are among the highest in the world. However, a changing climate could affect these yields, which could ultimately affect production and the availability of products for export. In this report, the authors estimate that U.S. corn yields could increase 3.1 percent and soybean yields could decrease 3.0 percent in 2036 relative to 2016, based on climate projections. These results are driven primarily by the increased frequency of periods of extreme heat and declines in precipitation in counties east of the 100th meridian part of the United States. These estimates are then used in a simulation model to explore the market implications from these yield projections, and those results indicate that these yield changes could affect U.S. production and ultimately trade. The estimated growth in U.S. corn yields increases corn production that could ultimately affect the amount of corn the United States has available to export. Holding yields in other countries fixed, the model indicates that U.S. corn exports increase 0.36 percent (the equivalent of $63 million). The decline in soybean yields decreases production, leading to a 1.17-percent drop in U.S. exports (the equivalent of $319 million) based on 2016 exports

Notes:

"October 2023."

In scope of the U.S. Government Publishing Office Catalog and Indexing Program (C&I) and Federal Depository Library Program (FDLP).

Includes bibliographic references (pages 22-24)

Description based on online resource; title from PDF title page (USDA, viewed November 22, 2023).

OCLC:

1410410029