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Agriculture continues to be the primary source of income for many communities around the world. However, the increase in climate-related severe weather events is having a significant impact on local farmers in affected areas who are experiencing economic losses due to decreased agricultural yields. These losses further strain public budgets, as governments depend on agriculture related revenue. Yet there is the potential to transfer this risk to the private market through insurance and reinsurance mechanisms. The Swiss Re Practicum team will present this research on the economic impacts of climate shocks in agriculture dependent communities, which will be followed by a panel discussion on how farmers, local, and federal governments are responding to these devastating impacts.
Kenney Auditorium Johns Hopkins SAIS Nitze Building,
1740 Massachusetts Ave, NW