Earlier research concluded that the initial stages of climate change would bring
net benefits to global agriculture, thanks to carbon fertilization and longer growing
seasons in high-latitude regions. This conclusion has been challenged in at least three
respects. First, newer experimental studies have sharply reduced older estimates of
carbon fertilization effects. Second, the effect of temperature on many crops has been
found to involve thresholds, above which yields rapidly decline; the number of hours
above the threshold is typically more important than the average temperature. Third,
climate change will bring significant changes in precipitation; in a number of important
areas, decreases in precipitation may cause declines in agricultural production. Simple,
aggregated economic analyses of climate change have often omitted these crucial effects
of precipitation.