Crop yield variability is a defining characteristic of agriculture. Variations in yield and production are strongly influenced by fluctuations in weather, both in terms of overall seasonal weather characteristics and extreme events. There has been substantial public policy interest concerning...

Consideration of how to respond to climate change frequently turns upon the evaluation of the undesirable consequences of some possible effect of that change. For coastal property, for example, sea level rise might inundate homes or cause salt water to intrude on sources of fresh water. In the...