Open Access

The Effect of Climate Change on Canadian Farmland Values

A Ricardian Approach

Nicholas Bannon, Christopher Kimmerer and B. James Deaton

ABSTRACT

This paper estimates the effect of climate change on Canadian farmland values using a unique dataset of 45,000 parcel-level sales between 2017-2022. The parcel-level data supports a regression approach with unique controls for non-agricultural influences – i.e., census division fixed effects and proximity to urban areas. Our results suggest that by 2070, climate change will positively increase farmland values across our sample of Canadian farmland parcels.

This open access article is distributed under the terms of the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0) and is freely available online at: http://le.uwpress.org