Effects of Climate Change Seen for Corn Prices - Stephanie Strom via NYTimes.com ⇢
Stephanie Strom via NYTimes.com
Researchers have found that climate change is likely to have far greater influence on the volatility of corn prices over the next three decades than factors that recently have been blamed for price swings — like oil prices, trade policies and government biofuel mandates.
The new study, published on Sunday in the journal Nature Climate Change, suggests that unless farmers develop more heat-tolerant corn varieties or gradually move corn production from the United States into Canada, frequent heat waves will cause sharp price spikes.
More critical than short-term spikes is relatively high growth rates for food stuffs across the board, and especially for building blocks like corn and soy in the industrial food chain.