Using the Ricardian results and examining climate scenarios for 2060 and beyond, the net revenues of small farms are predicted to increase as much as 120% (+USD6 billion) but those of large farms are predicted to fall by 20% (-USD12 billion). The impact estimates in any given period also depend on the rainfall predictions. The results suggest that large livestock farms in Africa are more sensitive to temperature than small ones, primarily because of their dependence on cattle.
Download the full article here (PDF – 192 KB) – African Journal of Agricultural and Resource Economics
