Journal Article

Agriculture’s Water Economy


Abstract: Agriculture’s water economy has demonstrated growing signs of strain. Recent and persistent extreme weather-related events have highlighted the vulnerability of food and agricultural production to substantial variations in water availability. Consistent water availability is critical to agricultural production everywhere, and intensifying scarcity presents global agriculture with a formidable long-term challenge. Agricultural production has evolved, to a significant extent, on the basis of available water resources, both surface water and groundwater. However, there are growing concerns about the long-term trajectories of water availability and the potential implications for global agriculture. The 2016 Agricultural Symposium, “Agriculture’s Water Economy” explored the dynamic link between agriculture and water, the role of markets and institutions, and the path forward. The first day of the symposium discussed how the outlook for agriculture depends on long-term water availability, and how the challenges of water scarcity might extend beyond the farm gate. The second day of the symposium discussed how the agricultural sector might adapt through investment, and the role of markets and institutions in addressing issues of long-term water scarcity.

Keywords: Agriculture;

JEL Classification: Q14;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Review

Publication Date: 2016

Issue: Special Issue

Pages: 142

Note: 2016 Agricultural Symposium, “Agriculture’s Water Economy”, Federal Reserve Bank of Kansas City, July 11-12, 2016