The UN’s Food and Agriculture Organisation has published a report on the economics of drought management. It provides a framework for assessing proactive and reactive actions and includes case studies to help decision-makers and planners conduct thorough economic assessments related to drought. The report is intended to assist policymakers, planners, and national authorities in conducting exhaustive economic assessments, with improved clarity for cost-benefit options related to drought. The assessment is considered more effective in demonstrating the cost-benefit of action over the well-documented costs of inaction.
Reference: Cuevas, S, Pek, E. & Salman, M. 2024. Economic assessment of drought risk management – A two-tier framework for cost-benefit analysis of proactive versus reactive drought management. Rome, FAO. https://doi.org/10.4060/cc9981en