Publication Details

Title: How Well Do Degree Days over the Growing Season Capture the Effect of Climate on Farmland Values?
Format: Journal Article
Publication Date: 2016
Description:

Farmland values have traditionally been valued using seasonal temperature and precipitation but degree days over the growing season offer a more compact alternative. We find that degree days and daily temperature are interchangeable over the growing season. However, the impact of degree days in spring and summer is quite different. Climate effects outside the growing season are also significant. Cross sectional evidence suggests seasonal temperature and precipitation are very important whereas temperature extremes have relatively small effects. 

Ivan Allen College Contributors:
External Contributors: Robert Mendelsohn, Shun Chonabayashi
Citation:

Energy Economics. DOI:10.1016/j.eneco.2016.09.004

Categories:
  • Applied Econometrics
  • Climate Change Adaptation
  • Energy, Climate and Environmental Policy
  • Environmental Economics
Related Departments:
  • Climate and Energy Policy Laboratory
  • School of Public Policy