Using Degree Days to Value Farmland

Emanuele Massetti, Robert Mendelsohn and Shun Chonabayashi

No 2015.12, Working Papers from Fondazione Eni Enrico Mattei

Abstract: Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the way that degree days are used in these recent studies is problematic and leads to biased and inaccurate results. These new findings have serious implications for any study that copies this methodology.

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: 2015-02
New Economics Papers: this item is included in nep-agr and nep-env
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://feem-media.s3.eu-central-1.amazonaws.com/w ... oads/NDL2015-012.pdf (application/pdf)

Related works:
Working Paper: Using Degree Days to Value Farmland (2015)
Working Paper: Using Degree Days to Value Farmland (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2015.12

Access Statistics for this paper

More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Prina Cerai ().