Work

Climate impacts on aggregate farm value: accounting for adaptation

Year: 1996

Type: article

Abstract: This paper explains a Ricardian method which compares actual farmer behavior across different climates. The method incorporates farmer's adaptation because it captures the outcome of each farmer matching his behavior to local climate conditions. This paper explores a new application of the Ricardian method capturing how climate effects both the per acre value of farms and how much land is farmed. These empirical relationships are used to predict the agricultural impacts of simple climate warming scenarios.

Source: Agricultural and Forest Meteorology

DOI: 10.1016/0168-1923(95)02316-x

Authors: Robert Mendelsohn, William Nordhaus, Daigee Shaw

Institutions: Yale University, Institute of Economics, Academia Sinica, Academia Sinica

Language: English

Topic: Climate change impacts on agriculture

Subfield: Agronomy and Crop Science

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDGs: Climate action, Zero hunger

Open Access status: hybrid

Estimated APC paid: $3,590