A new report says the U.S. ag lending sector has not proactively assessed its climate risks which threatens farmers’ long-term profitability.
The Environmental Defense Fund report says climate risks are a blind spot for ag lenders. It says the ag sector faces substantial climate risk which makes ag lenders vulnerable, too. The report says crop insurance is not enough and won’t protect farmers, lenders or the broader ag economy from climate risk over the long haul.
