Doctoral Degrees (Agricultural Economics)

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Browsing Doctoral Degrees (Agricultural Economics) by Subject "Agriculture -- Environmental aspects"

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    Modelling the financial vulnerability of farming systems to climate change in selected case study areas in South Africa
    (Stellenbosch: Stellenbosch University, 2014-12) Oosthuizen, Hamman Jacobus; Lombard, Johannes Petrus; Louw, Daniel Barend; Stellenbosch University. Faculty of AgriSciences. Dept. of Agricultural Economics.
    ENGLISH ABSTRACT: Numerous studies indicate that the agricultural sector is physically and economically vulnerable to climate change. In order to determine possible impacts of projected future climates on the financial vulnerability of selective farming systems in South Africa, a case study methodology was applied. The integrated modelling framework consists of four modules, viz.: climate change impact modelling, dynamic linear programming (DLP) modelling, modelling interphases and financial vulnerability assessment modelling. Empirically downscaled climate data from five global climate models (GCMs) served as base for the integrated modelling. The APSIM crop model was applied to determine the impact of projected climates on crop yield for certain crops in the study. In order to determine the impact of projected climates on crops for which there are no crop models available, a unique modelling technique, Critical Crop Climate Threshold (CCCT) modelling, was developed and applied to model the impact of projected climate change on yield and quality of agricultural produce. Climate change impact modelling also takes into account the projected changes in irrigation water availability (ACRU hydrological model) and crop irrigation requirements (SAPWAT3 model) as a result of projected climate change. The model produces a set of valuable results, viz. projected changes in crop yield and quality, projected changes in availability of irrigation water, projected changes in crop irrigation needs, optimal combination of farming activities to maximize net cash flow, and a set of financial criteria to determine economic viability and financial feasibility of the farming system. A set of financial criteria; i.e. internal rate of return (IRR), net present value (NPV), cash flow ratio, highest debt ratio, and highest debt have been employed to measure the impact of climate change on the financial vulnerability of farming systems. Adaptation strategies to lessen the impact of climate change were identified for each case study through expert group discussions, and included in the integrated modelling as alternative options in the DLP model. This aims at addressing the gap in climate change research, i.e. integrated economic modelling at farm level; thereby making a contribution to integrated climate change modelling.