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

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Listed:
  • Nicholas Bannon
  • Christopher Kimmerer
  • B. James Deaton

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.

Suggested Citation

  • Nicholas Bannon & Christopher Kimmerer & B. James Deaton, 2025. "The Effect of Climate Change on Canadian Farmland Values: A Ricardian Approach," Land Economics, University of Wisconsin Press, vol. 101(2), pages 201-217.
    • Handle: RePEc:uwp:landec:v101:y:2025:i:2:p:201-217
    Note: DOI: https://doi.org/10.3368/le.101.2.022624-0017R1
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    File URL: http://le.uwpress.org/cgi/reprint/101/2/201
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    More about this item

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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