RESUMEN
Drought and floods seriously affect agriculture across the world. It is of great importance to lower down the agricultural vulnerability to disasters to build climate-resilient agriculture. The paper aims to investigate the spatio-temporal changes of agricultural vulnerability to drought and floods in the world in the period 2003-2019. Research results show that (1) the agricultural vulnerability to drought and floods is at a low level across the globe owning to the dual effects of decreasing exposure and increasing adaptability; (2) the northern parts of United States, northeastern parts of China, and the border between Russia and Kazakhstan are identified as most vulnerable areas to drought and floods; and (3) spatio-temporal mismatch of precipitation is the main factor to cause floods and drought while better adaption is beneficial to minimize the adverse effects of disasters. Based on analysis on the drivers and spatial patterns of drought and floods risk in all dimensions, tailored measures and policies are put forwards to make adaptive strategies of agriculture to climate change.