Climate Change Impacts on Latin American Farmland Values: the Role of Farm Type1
نویسندگان
چکیده
This paper examines climate change impacts on South American agriculture using a set of Ricardian regressions estimated across different samples of farms in South America. Regressions are run for the whole sample and for subsamples of crop-only, mixed, and livestock-only farms. The results indicate that climate sensitivity varies a great deal across each type of farm. The analysis also reveals that the impacts will vary substantially across South America. The hot and wet Amazon and Equatorial regions are likely to lose the most from warming scenarios whereas the more temperate high elevation and southern regions of South America will likely gain.
منابع مشابه
The impact of climate change on agriculture: nonlinear effects and aggregation bias in Ricardian models of farm land values
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 approaches by using a large panel of farm-level data. Consistent with the literature on plant physiolo...
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