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The Impact of Drought on Farmland Values through a Hedonic Price Analysis of Farmland Transactions in Contiguous US

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  • Melkani, Aakanksha
  • Mieno, Taro
  • Hrozencik, Robert A.
  • Rimsaite, Renata
  • Brozovic, Nick

Abstract

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Suggested Citation

  • Melkani, Aakanksha & Mieno, Taro & Hrozencik, Robert A. & Rimsaite, Renata & Brozovic, Nick, 2024. "The Impact of Drought on Farmland Values through a Hedonic Price Analysis of Farmland Transactions in Contiguous US," 2024 Annual Meeting, July 28-30, New Orleans, LA 344018, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:344018
    DOI: 10.22004/ag.econ.344018
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    References listed on IDEAS

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    1. Olivier Deschênes & Michael Greenstone, 2012. "The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather: Reply," American Economic Review, American Economic Association, vol. 102(7), pages 3761-3773, December.
    2. Richard Hornbeck & Pinar Keskin, 2014. "The Historically Evolving Impact of the Ogallala Aquifer: Agricultural Adaptation to Groundwater and Drought," American Economic Journal: Applied Economics, American Economic Association, vol. 6(1), pages 190-219, January.
    3. Carlo Fezzi & Ian Bateman, 2015. "The Impact of Climate Change on Agriculture: Nonlinear Effects and Aggregation Bias in Ricardian Models of Farmland Values," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(1), pages 57-92.
    4. Daniel P. Bigelow & Jennifer Ifft & Todd Kuethe, 2020. "Following the Market? Hedonic Farmland Valuation Using Sales Prices versus Self-reported Values," Land Economics, University of Wisconsin Press, vol. 96(3), pages 418-440.
    5. Yusuke Kuwayama & Alexandra Thompson & Richard Bernknopf & Benjamin Zaitchik & Peter Vail, 2019. "Estimating the Impact of Drought on Agriculture Using the U.S. Drought Monitor," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 101(1), pages 193-210.
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    More about this item

    Keywords

    Environmental Economics And Policy; Agricultural And Food Policy; Land Economics/Use;
    All these keywords.

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