Impacts of climate change and agricultural diversification on agricultural production value of Thai farm households

Abstract

AbstractThis paper examines how rising temperatures impact the agricultural production value of Thai farmers, compares potential adaptation strategies like agricultural diversification, and analyzes future projections based on IPCC AR6 scenarios. We analyze nationally representative socioeconomic survey data from farm households alongside ERA5 weather data, utilizing econometric regression analysis. Our analysis reveals that higher temperatures lead to a reduction in agricultural output value, with the situation expected to worsen as global warming progresses. Furthermore, we find that households with diversified production practices, such as a variety of agricultural activities or multicropping, exhibit a greater capacity to adapt to rising temperatures. These findings substantiate the importance of the country’s policies promoting integrated farming and diversified crop-mix strategies.