Schlenker, Wolfram; Hanemann, W. Michael; Fisher, Anthony C. - In: The Review of Economics and Statistics 88 (2006) 1, pp. 113-125
We link farmland values to climatic, soil, and socioeconomic variables for U.S. counties east of the 100th meridian, the historical boundary of agriculture not primarily dependent on irrigation. Degree days, a nonlinear transformation of the climatic variables suggested by agronomic experiments...