There is growing consensus about the threat of global warming, that our planet will continue to warm up as the concentration of greenhouse gases increases in the future. The agriculture sector is particularly vulnerable to the negative impacts of climate change. This book shows how agricultural investments will impact global wheat and rice markets under climate change in the long term. The projection results show that the volatility of international wheat and rice prices will increase in the next two decades, due to climate change impacts. Simulation studies show that constant increases in agricultural investments in major producing countries will help stabilise international wheat and rice prices. In this book, a simulation study examines the role of agricultural investment growth in decreasing food loss, and finds that agricultural investments play a crucial role in alleviating climate change risks in the global wheat and rice markets.
Tatsuji Koizumi is a chief economist for the Policy Research Institute, Ministry of Agriculture, Forestry and Fisheries (PRIMAFF), Japan. He served as an agricultural policy analyst at the Organisation for Economic Co-operation and Development (OECD) (2019- 2022), as a project coordinator (2011-2015) and an agricultural economist (2001-2003) with the Food and Agriculture Organization (FAO) of the United Nations, and a guest researcher at the Economic Research Service (ERS), USDA (1999-2000). He holds a PhD in agricultural economics from Nihon University (Japan). He has published 22 books, 50 academic journals and 110 reports for agricultural commodity markets. He concurrently serves as a professor (Government-Academia Collaboration Program) of Tohoku University and other universities in Japan.
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