This paper estimates a model of a farm that treats the choice of crops, livestock, and irrigation as endogenous. The model is composed of a multinomial choice of farm type, a binomial choice of irrigation, and a set of conditional land value functions. The model is estimated across over 2,000...

The authors explore how Latin American farmers adapt to climate by changing crops. They develop a multinomial choice model of farmer's choice of crops. Estimating the model across over 2,000 farmers in seven countries, they find that both temperature and precipitation affects the crops that...

This study estimates the vulnerability of Latin American agriculture to climate change using a Ricardian analysis of both land values and net revenues. Examining a sample of over 2,500 farms in seven countries, the results indicate both land value and net revenue are sensitive to climate. Both...