Adaptation to climate change via adjustment in land leasing: Evidence from dryland wheat farms in the U.S. Pacific Northwest

Hongliang Zhang, Jianhong E. Mu and Bruce McCarl

Land Use Policy, 2018, vol. 79, issue C, 424-432

Abstract: Land leasing is a possible climate adaptation where risk is shared. We investigate how climate affects dryland wheat farmland rental patterns in the U.S. Pacific Northwest. Using farm-level agricultural census data, we study the relationships between climate and leasing arrangements. We find that increases in precipitation reduce leased land and increase the use of cash-rent leases, while increases in precipitation variability reduce the prevalence of cash-rent leases. Using medium and high greenhouse-gas emission-based climate projections we predict that, by 2050, leased acreage will decline by 23% and, respectively 29%.

Keywords: Land leasing; Climate change; Adaptation; Agriculture; Wheat; Rental contract (search for similar items in EconPapers)
JEL-codes: C21 Q15 Q54 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: Adaptation to Climate Change via Adjustment in Land Leasing: Evidence from Dryland Wheat Farms in the U.S. Pacific Northwest (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:79:y:2018:i:c:p:424-432

DOI: 10.1016/j.landusepol.2018.07.030

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