September 09, 2020
By:
Walter G. Wright
Category:
Arkansas Environmental, Energy, and Water Law
Arkansas Environmental, Energy, and Water Law
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The Environmental Defense Fund (“EDF”) issued a September 2020 report titled:
Financing Resilient Agriculture – How Agricultural Lenders Can Reduce Climate Risk and Help Farmers Build Resilience (“Report”)
EDF describes the Report as characterizing climate risks to the agricultural lending sector and providing a path forward for lenders to support a more resilient agricultural system.
Information developed by the Report includes research and interviews with:
- Various food and agricultural lenders
- Farm Credit and commercial lenders
- Multiple relevant experts
Key findings in the Report are described as:
- Climate risks are a blind spot for lenders
- Climate impacts pose financial risk
- Crop insurance is not enough
- Current loan offerings do not value resilience
Recommendations provided by the Report include:
- Assess climate risk at the lending institution level
- Understand the role of conservation practices in managing climate risk
- Develop lending programs or products that support farmers in building climate resilience
A copy of the Report can be downloaded here.
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