The Effect of Climate Change on Canadian Farmland Values: A Ricardian Approach

Nicholas Bannon, Christopher Kimmerer and B. James Deaton

Land Economics, 2025, vol. 101, issue 2

Abstract: This article estimates the effect of climate change on Canadian farmland values using a unique dataset of 45,000 parcel-level sales between 2017 and 2022. The parcel-level data support a regression approach with unique controls for nonagricultural 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.

JEL-codes: Q15 Q54 (search for similar items in EconPapers)
Date: 2025
Note: DOI: https://doi.org/10.3368/le.101.2.022624-0017R1
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v101:y:2025:i:2:p:201-217

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