EU agriculture already loses €28bn a year to extreme weather events
Drought is the greatest threat to food production across all EU regions.
The EU agriculture sector already faces average annual losses of €28 billion due to extreme weather events – and this is expected to rise to €40 billion by 2050.
A new report by insurance group Howden highlights the current and future cost of climate-related events for European farmers, and the fact that most of these losses are uninsured.
