The EU’s agricultural sector loses more than €28 billion a year due to adverse weather conditions, according to a study published on Tuesday 20 May by the European Investment Bank (EIB) and the European Commission.
According to the study, the EU could do more to reduce these business risks, in particular by extending farm insurance coverage.
The analysis warns that the effects of climate change could increase agricultural average annual losses by as much as 66% by 2050, and calls...