RT Journal Article
SR Electronic
T1 The Effect of Climate Change on Canadian Farmland Values
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 022624-0017R1
DO 10.3368/le.101.2.022624-0017R1
A1 Bannon, Nicholas
A1 Kimmerer, Christopher
A1 Deaton, B. James
YR 2024
UL http://le.uwpress.org/content/early/2024/11/25/le.101.2.022624-0017R1.abstract
AB 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.