Climate Change Impacts on the Intensive and Extensive Margins of US Agricultural Land

Jonathan McFadden and John Miranowski

No 170512, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: How does current weather and climate change impact cropland use and allocation? Using 2010 ARMS data on several thousand central US farms, we estimate a two-step model that controls for expected relative prices, local soil characteristics, and self-selection into primary crop. We find that: (i). early-season and late-season temperatures and rainfall are most significant for selection into corn, while mid-season weather impacts soybean selection; (ii). sensitivity to nonlinear weather effects varies substantially within season and across crops; (iii). soil characteristics are important and should be accounted for in climate studies; and (iv). crop switching may occur under mild climate change.

Keywords: Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:170512

DOI: 10.22004/ag.econ.170512

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