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The economic impact of climate change on small farms in Nigeria: A Ricardian approach

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  • Odozi, John C.

Abstract

The negative effect of Climate Change (CC) on agriculture across Africa has been well established and hence the global policy interest. In Nigeria, crop farming is climate dependent and farmholders often employ measures that are sub-optimal against adverse conditions of climate. This raises the vulnerability of farming to CC uncertainty. For a long time, knowledge of CC perception by farmholders dominated the existing literature. The study employed econometric techniques to generate information on the net economic damages and benefits of climate change. Climate change impact was found to be huge for the whole country with impact variation across agricultural zones. It concludes that the ability of smallholder farms to sustain continual output of crops for local and regional markets depend critically on effective adaptation measures that seek to maintain optimal conditions of climate for agricultural production and government effective response.

Suggested Citation

  • Odozi, John C., 2015. "The economic impact of climate change on small farms in Nigeria: A Ricardian approach," MPRA Paper 68188, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:68188
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    References listed on IDEAS

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    Cited by:

    1. Paunić, Alida, 2016. "Brazil, Preservation of Forest and Biodiversity," MPRA Paper 71462, University Library of Munich, Germany.

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    More about this item

    Keywords

    Climate change; Ricardian valuation; sustainable adaptation practices; agricultural resources; farm productivity and governance;
    All these keywords.

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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