Climate change is projected to bring warmer growing seasons, changes in precipitation patterns and more days of extreme heat across North America — all of which present business risks to farmers and their lenders if not proactively managed.
Agricultural lenders can play a major role in helping farmers, agricultural supply chains and rural communities invest in adaptation measures, such as switching to more climate-resilient crops, adjusting planting dates or expanding the use of soil health practices like reduced tillage. Evaluating potential climate-related risks and identifying adaptation solutions will help agricultural lenders mitigate these risks and support their farmer customers’ long-term success.
