Natural disasters have a significant effect on agricultural markets

Abstract

Many people throughout the globe rely on agriculture and the goods it produces to make a living.
In addition to water distribution through irrigation systems, the amount and timing of rainfall
during the monsoon seasons is crucial to agricultural cultivation. However, in the extreme,
agricultural activities are impacted by super-natural phenomena or natural catastrophes like flood
and drought. Droughts and floods, especially if they become more frequent and severe, might pose
problems for farmers and endanger the food supply for millions of people throughout the globe.
This article explores how natural disasters like floods and unusually strong downpours affect the
sale and distribution of crops. Crops are destroyed and the yield is drastically reduced when there
is a flood. Monsoon floods, on the other hand, are seen as an easily accessible resource for
agricultural irrigation.