New and unprecedented forms of natural disasters are most heavily felt in the agricultural industry, the UN Food and Agriculture Organization (FAO) said on Thursday.
At no other point in history have agri-food systems faced more hazards such as megafires, extreme weather, unusually large desert locust swarms, and emerging biological threats, as during the past year of the COVID-19 pandemic. Nor have they been seen at such frequency, intensity, and complexity, the agency said in a new report.
These disasters devastate agricultural livelihoods, inflicting cascading negative economic consequences from household to national levels, that could potentially endure for generations.
According to FAO, disasters happen three times more often today, than in the 1970s and 1980s.
Agriculture absorbs a disproportionate 63 per cent share of their impact, compared to other sectors, such as tourism, commerce and industry.
The least developed and low to middle income countries have fared worst of all. From 2008 to 2018, natural disasters have cost the agricultural sectors of developing economies more than $108 billion in damaged crop and livestock production.
Over the same period, Asia was the most hard-hit region, with overall economic losses of $49 billion, followed by Africa at $30 billion, and Latin America and the Caribbean at $29 billion.
Drought is identified as the single greatest culprit of agricultural production loss, followed by floods, storms, pests and diseases, and wildfires.
Failed rains caused a 34 per cent loss of crop and livestock production, compared to a nine per cent output decline from biological disasters in the period.
Meanwhile, the COVID-19 pandemic is exacerbating existing problems.