Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the...

Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the...

This study used the Ricardian approach that captures farmer adaptations to varying environmental factors to analyze the impact of climate change (CC) on plantation agriculture in Nigeria. By collecting data from 280 farm households in seven different cocoa producing areas in Nigeria (Cross...

Ricardian (hedonic) analyses of the impact of climate change on farmland values typically assume additively separable effects of temperature and precipitation. Model estimation is implemented on data aggregated across counties or large regions. We investigate the potential bias induced by such...

This paper examines how differences in climate across space influence the value of New Zealandagricultural land. We use the Ricardian approach to price the climate, using property valuationdata from 1993 to 2018. We apply the ‘spatial first differences’ method, which comparesdifferences in...