Quantifying economic risks to dairy farms from volcanic hazards in Taranaki, Aotearoa / New Zealand
Nicola J. McDonald,Leslie Dowling,Emily P. Harvey,Alana M. Weir,Mark S. Bebbington,Nam Bui,Christina Magill,Heather M. Craig,Garry W. McDonald,Juan J. Monge,Shane J. Cronin,Thomas M. Wilson,and Duncan Walker
In this paper, we develop a model to quantify the future economic impacts of volcanic events for dairy farms in Taranaki, Aotearoa / New Zealand. We use the model to simulate 10 000 possible volcanic futures and collate results into risk-type metrics. The results highlight the variation in risk exposure across farms and show that volcanic risk should play an important role in shaping the future of Taranaki’s dairy sector. This model could be applied to other hazard and agricultural land use contexts.
In this paper, we develop a model to quantify the future economic impacts of volcanic events for...