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Does Climatic Variability Influence Agricultural Land Prices under Differing Uses? The Texas High Plains Case

Does Climatic Variability Influence Agricultural Land Prices under Differing Uses? The Texas High Plains Case

作     者:Rachna Tewari Jeff Johnson Darren Hudson Chenggang Wang Dennis Patterson 

作者机构:Department of Agricultural and Applied Economics Texas Tech University Lubbock USA Department of Agriculture Geosciences and Natural Resources The University of Tennessee at Martin Martin USA Department of Political Science Texas Tech University Lubbock USA 

出 版 物:《Natural Resources》 (自然资源(英文))

年 卷 期:2013年第4卷第8期

页      面:506-513页

学科分类:1002[医学-临床医学] 100214[医学-肿瘤学] 10[医学] 

主  题:Climatic Variability Dryland Irrigated Land Land Prices Ranchland Texas High Plains 

摘      要:The Texas High Plains faces projections of increasing temperature and declining precipitation in the future on account of its semi-arid climate. This research evaluated the impact of climatic variability on agricultural land prices under different land uses in the Texas High Plains, employing the Ricardian approach of land climate pricing over a study period of 1991-2011. The results indicate that climatic variability had a greater impact on irrigated land prices as compared to dryland and ranchland. This study could be instrumental in predictive market analyses of rural land values in semi-arid economies which are vulnerable to future climate change.

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