Severe Weather Events Lead to Record $21 Billion in Crop Losses in 2023

In 2023, the agricultural sector faced unprecedented challenges as major disasters and severe weather conditions led to over $21 billion in crop losses, marking one of the costliest years for farmers worldwide. The extensive damage resulted from a combination of droughts, floods, and storms, severely impacting the livelihoods of farmers and the global food supply chain. Efforts are underway to assess the full impact and to implement strategies for recovery and resilience against future weather-related catastrophes.