Disaster events have caused $3.8 trillion in crop and livestock losses over the last three decades, the UN's Food and Agricultural Organization (FAO) said on Friday. 

Floods, droughts, insect infestations, storms, disease and war have caused about $123 billion per year in lost food production per year between 1991 and 2021, the equivalent of five percent of total production or enough to feed up to half a billion people per year, according to the FAO in its latest report.

The new FAO flagship report entitled "The impact of disasters on agriculture and food security" brings the first-ever global estimation of the impact of disasters on agricultural production focused on crops and livestock. 

(Cover: People stand next to a water well at the village of El Gel, 8 kilometers from the town of K'elafo, Ethiopia, which is in severe drought, on January 12, 2023. /CFP)