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 (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.