Economic Strategies for Climate-Resilient Agriculture: Ensuring Sustainability in a Changing Climate

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Abstract

With climate change accelerating, agriculture has never had such great challenges as erratic weather patterns, prolonged droughts and soil degradation. The economic viability and scalability of climate resilient agriculture, such as drought resistant crops, smart irrigation technologies, and precision farming systems are evaluated for this paper. The study uses a combination of field data and economic modeling to identify cost effectiveness, potential yield improvements and barriers to adoption. Results show that smart irrigation and precision farming systems can improve water use efficiency by up to 50%, and drought resistant crops increase yield stability under adverse weather. While high initial investment costs appear to be the case, the long term benefits of these strategies outweigh the expense, which is essential for sustainable agriculture. Economic models and policy recommendations are presented in the study for stimulating adoption to offset climate change impacts on food security around the globe.

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