How well do degree days over the growing season capture the effect of climate on farmland values?

Emanuele Massetti, Robert Mendelsohn and Shun Chonabayashi

Energy Economics, 2016, vol. 60, issue C, 144-150

Abstract: Farmland values have traditionally been valued using seasonal temperature and precipitation but degree days over the growing season offer a more compact alternative. We find that degree days and daily temperature are interchangeable over the growing season. However, the impact of degree days in spring and summer is quite different. Climate effects outside the growing season are also significant. Cross sectional evidence suggests seasonal temperature and precipitation are very important whereas temperature extremes have relatively small effects.

Keywords: Degree days; Climate change impacts; Agriculture; Land values (search for similar items in EconPapers)
JEL-codes: Q12 Q24 Q51 Q54 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:60:y:2016:i:c:p:144-150

DOI: 10.1016/j.eneco.2016.09.004

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