Dadakas, Dimitrios; Jakus, Paul M. - Agricultural and Applied Economics Association - AAEA - 1999
This paper evaluates the impact of the El Nino/Southern Oscillation (ENSO) on U.S. farmland values. Fourier series analysis decomposes climatological variation into ENSO and non-ENSO components. Farmland values, regressed against ENSO variation and other variables, are negatively affected by...