66% decrease
For every 1⁰C of warming, net farm income decreased by 66% for the average farm over the last four decades, according to a 40-year study by the Environmental Defense Fund.
$21.94 billion in losses
In 2023, extreme weather and other natural disasters caused over $21.94 billion in crop and rangeland losses in the U.S., according to the American Farm Bureau Federation.
$10 billion not insured
Nearly $10 billion of those losses were not insured through the Risk Management Agency, existed outside policies’ coverage levels, or did not qualify under an existing risk management program, according to the American Farm Bureau Federation.
In the face of changing climate and unpredictable environmental conditions, agriculture is more challenging than ever. Droughts, floods, wildfires, changing weather patterns, increased pests and pathogens, and other environmental issues often threaten crop yields, livestock and infrastructure.
As crops and livestock are increasingly exposed to weather-related disasters and other climate-change affected events, farmers and ranchers are also struggling with higher insurance premiums and reduced coverage. According to the American Farm Bureau Federation, only 55% of crop losses from climate-related disasters were covered by insurance - forcing many farmers and ranchers to bear a substantial percentage of the burden of these losses.
To sustain productivity and profitability, farmers, ranchers, and food processors must improve their risk management and adapt to these challenges to increase resilience. With AreaHub’s cutting-edge risk insights and patented technology, the agriculture industry can identify climate and pollution risks, anticipate future impacts, and make proactive decisions to safeguard crops. Our climate and environmental risk reports are powered by scientifically-validated data sources, robust methodologies, and strong processes and controls designed to provide trustworthy insights.
Risk Monitoring & Management
Assess your climate risk exposure and receive timely notifications of major changes, such as extreme weather, pollution incidents, and other risks that may impact your agricultural portfolio to proactively manage those issues.
Health & Safety
Protect your crops and livestock from exposure to pollution by identifying nearby industrial hazards and other polluted sites.
Operational Efficiency
Understand potential issues that may disrupt your operations and agricultural production and use data-driven insights to minimize losses. Curious how agricultural operations use AreaHub to mitigate climate risk and maintain productivity? See Agricultural Disruptions Example Below
Adaptation & Resilience
Leverage climate risk analytics to guide adaptation and mitigation efforts, increase climate resilience, and build crop yields.
AreaHub helps farmers, ranchers, and food processors upgrade their agricultural risk management with ongoing climate and environmental intelligence to protect their operations and increase resilience.
Extensive Risk Assessments
Access a centralized repository of uniquely extensive risk insights across 35+ topics that may impact finances, operations, and health or safety.
Portfolio Monitoring & Notifications
Monitor area-specific or portfolio-level climate risk analytics and stay apprised of unfolding situations that may require mitigative actions for proactive risk management.
Customized Dashboard
Navigate risk with user-friendly interactive maps, access to specific hazard details, risk scoring, trend visualizations, and other proprietary features.
Specialized Reports
Leverage specialized reports such as deeper dives into flood risks, or a portfolio-level synthesis of climate physical risk exposure, among others.
Mitigation Information
Learn more about the likely property, financial, and operational implications of your risk exposures, and get a starting point to inform mitigation plans to prepare for extreme weather risks.
Agriculture, which contributes over $300 billion annually, per the EPA, to the U.S. economy and is critical to the food supply both domestically and globally, faces significant risks from extreme weather events. AreaHub's climate intelligence tools help the agriculture industry proactively manage and mitigate these threats.
Droughts, floods, and heat waves can devastate crops, reducing yields and causing significant economic losses.
High temperatures lead to heat stress in livestock, impacting weight gain, milk production, and fertility—factors that directly reduce productivity and profit margins.
AreaHub Enterprise provides climate risk intelligence to help agricultural operations understand their area profile, anticipate extreme weather impacts, reduce operational disruptions, and support continuity in the face of climate challenges.
Request a Demo to see how agricultural operations can use AreaHub to mitigate climate risk and productivity disruptions.
Explore our in-depth Business Insights article for an overview of how climate risks affect business resilience.