Arbeitspapier
Optimal crop choice: farmer adaptation to climate change
I use a Mixed Logit model and the most detailed agricultural data publicly available to show how farmers employ land allocation as an adaptation mechanism in the face of a changing environment. The driving forces behind the farmer's land-use choice are differences between the crops available for cultivation as well as the soil, climate, and observable and unobservable (to the econometrician) characteristics of the farm. I present a measure of the effects of climate change on agricultural land value based on a structural model of farmer behavior and a mix of data at the plot, county, state and national levels. Results from most previous research are based on county-level data. The improved resolution of the data used in this paper allows us to test the validity of assumptions made in earlier work. Moreover, results show that substitution across crops depends directly on differences in climate for each plot.
- Language
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Englisch
- Bibliographic citation
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Series: Claremont Colleges Working Papers ; No. 2005-09
- Classification
-
Wirtschaft
- Subject
-
Climate Change
Adaptation Costs
Land Rents
Mixed Logit
- Event
-
Geistige Schöpfung
- (who)
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Soto Arriagada, Leopoldo E.
- Event
-
Veröffentlichung
- (who)
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Claremont McKenna College, Department of Economics
- (where)
-
Claremont, CA
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Soto Arriagada, Leopoldo E.
- Claremont McKenna College, Department of Economics
Time of origin
- 2005
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