Coastal fisherfolk in Tamil Nadu, India, sift through the wreckage of their village following the 2004 Indian Ocean Tsunami.

ROME/HANOI — Natural disasters are costing farmers in the developing world billions of dollars each year, with drought emerging as the most destructive in a crowded field of threats that also includes floods, forest fires, storms, plant pests, animal diseases outbreaks, chemical spills and toxic algal blooms.

According to a new report  from the Food and Agriculture Organization of the United Nations (FAO), between 2005 and 2015 natural disasters cost the agricultural sectors of developing country economies a staggering $96 billion in damaged or lost crop and livestock production.

Half of that damage — $48 billion worth — occurred in Asia, says the report, which was launched today at a conference in Hanoi convened by Viet Nam’s government in collaboration with FAO.

Drought — which recently has battered farmers in all corners of the globe, North, South, East and West — was one of the leading culprits. Eighty-three percent of all drought-caused economic losses documented by FAO’s study […]

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