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El Nino/Southern Oscillation Effects On Farmland Values In The United States

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  • Dadakas, Dimitrios
  • Jakus, Paul M.

Abstract

This paper evaluates the impact of the El Nino/Southern Oscillation (ENSO) on U.S. farmland values. Fourier series analysis decomposes climatological variation into ENSO and non-ENSO components. Farmland values, regressed against ENSO variation and other variables, are negatively affected by ENSO related weather variability in about 90% of U.S. climatological regions.

Suggested Citation

  • Dadakas, Dimitrios & Jakus, Paul M., 1999. "El Nino/Southern Oscillation Effects On Farmland Values In The United States," 1999 Annual meeting, August 8-11, Nashville, TN 21572, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21572
    DOI: 10.22004/ag.econ.21572
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    References listed on IDEAS

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    1. Allan D. Brunner, 2002. "El Niño and World Primary Commodity Prices: Warm Water or Hot Air?," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 176-183, February.
    2. Mendelsohn, Robert & Nordhaus, William D & Shaw, Daigee, 1994. "The Impact of Global Warming on Agriculture: A Ricardian Analysis," American Economic Review, American Economic Association, vol. 84(4), pages 753-771, September.
    3. Richard M. Adams & Stephen Polasky, 1998. "The Value of El Niño Forecasts in the Management of Salmon: A Stochastic Dynamic Assessment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(4), pages 765-777.
    4. Mendelsohn, Robert & Nordhaus, William, 1996. "The Impact of Global Warming on Agriculture: Reply," American Economic Review, American Economic Association, vol. 86(5), pages 1312-1315, December.
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