- The document summarizes the work of the AgMIP Global Economics Team, which includes researchers from various organizations modeling the economic impacts of climate change on agriculture. - Phase 1 results were published in 2014 examining climate impacts on crop yields and commodity markets under different scenarios. - Phase 2a is examining baseline scenarios for agricultural production, consumption, trade and prices from 2005-2050 under different Socioeconomic Pathways (SSPs). - Future work will analyze additional combinations of SSPs and Representative Concentration Pathways (RCPs) to project climate change impacts on agriculture and commodity markets.