2010 AAEA Presidential Address; forthcoming in January 2011 AJAE in shortened version.

We develop an empirical farmland allocation model based on explicit profit functions that is linked to a market demand model. The model accounts for corner solutions, enabling estimation with disaggregated data, and thereby allows treating prices as exogenous. The integrated model enables...

The climate change in the agricultural sector acting on multiple weather variables at different times of the various crop cycles. In several cases by changing the mean level of variables (rainfall, temperature, etc..), in other cases by changing the distribution of events. This work provides an...

This paper examines and predicts the effects of climate change and climate extremes on China’s land use conversion and soil carbon sequestration under two alternative climate change scenarios. It intends to investigate the following three questions. 1) How did climate factors affect land-use...

Reduction of carbon emissions from deforestation and forest degradation (REDD) has been identified as a cost effective element of the post-Kyoto strategy to achieve long-term climate objectives. The success of REDD depends primarily on the design and implementation of a financial mechanism that...

This article analyses the mechanism behind the changes in agricultural land use arising from climate variables, agricultural policies and socio-economic pressures. The study presented here has undertaken an integrated methodology in the estimation of future land use change in Europe. The...

Australia has long been a major exporter of the products of broadacre agriculture, a production system well suited to the economic and climatic conditions of the country. According to the conventional wisdom, Australia holds a comparative advantage in these products, among which wheat and...

Az egyre növekvő energiafelhasználás, világnépesség és éhezés olyan, több évtizede megoldatlan problémák, amelyeket a klímaváltozás és az ez által kialakult szélsőséges időjárási viszonyok tovább súlyosbítottak, a napjainkban tapasztalható gazdasági válság pedig...

The cross-sectional approach to the assessment of climate change impacts on agriculture is a widely used technique. It is based on land prices and supposes a perfect mobility of agricultural activities following climate evolution. Theory and our empirical study of the French land market show...

This article presents an integrated modelling framework (IMF) at field scales including a bio-economic farm optimization model. It is applied on two contrasting Austrian landscapes to analyze climate change and CAP policy reform impacts in 2040. Changing policies reduce farm gross margins by...