A Ricardian Analysis of the Impact of Climate Change on Latin American Farms

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dc.creatorSeo, Niggol
dc.creatorMendelsohn, Robert
dc.date2012-06-05T20:52:53Z
dc.date2012-06-05T20:52:53Z
dc.date2007-03
dc.date.accessioned2026-07-01T01:09:56Z
dc.descriptionThis study estimates the vulnerability of Latin American agriculture to climate change using a Ricardian analysis of both land values and net revenues. Examining a sample of over 2,500 farms in seven countries, the results indicate both land value and net revenue are sensitive to climate. Both small farms and large farms have a hill-shaped relationship with temperature. Estimating separate regressions for dryland and irrigated farms reveals that dryland farms are more sensitive to temperature but irrigated farms are more sensitive to precipitation. Examining the effects from future climate change scenarios reveals that severe scenarios could reduce farm earnings by as much as 62 percent by 2100, whereas more moderate scenarios could reduce earnings by about 15 percent. Small and large farms are equally sensitive to global warming. Land value and net revenue analyses produce quite similar results.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/03/7437401/ricardian-analysis-impact-climate-change-latin-american-farms
dc.identifierhttps://hdl.handle.net/10986/7193
dc.identifierhttps://doi.org/10.1596/1813-9450-4163
dc.identifier.urihttp://hdl.handle.net/123456789/415751
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4163
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectBARLEY
dc.subjectBASIL
dc.subjectCACAO
dc.subjectCASSAVA
dc.subjectCENTRAL AMERICA
dc.subjectCEREALS
dc.subjectCLAY SOILS
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGES
dc.subjectCLIMATE IMPACTS
dc.subjectCLIMATE MODELS
dc.subjectCLIMATE SENSITIVITY
dc.subjectCLIMATE VARIABLES
dc.subjectCLIMATE VARIATION
dc.subjectCLIMATES
dc.subjectCLIMATIC CHANGE
dc.subjectCOFFEE
dc.subjectCORN
dc.subjectCOTTON
dc.subjectCROP
dc.subjectCROPLAND
dc.subjectCROPS
dc.subjectDEMAND FOR FOOD
dc.subjectECONOMICS
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectEQUIPMENT
dc.subjectFAO
dc.subjectFARM
dc.subjectFARM LAND
dc.subjectFARM MODEL
dc.subjectFARM MODELS
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFARMING
dc.subjectFARMING SYSTEMS
dc.subjectFARMLAND
dc.subjectFARMS
dc.subjectFERTILIZATION
dc.subjectFERTILIZER
dc.subjectFOOD PRICES
dc.subjectFOREST
dc.subjectFORESTRY
dc.subjectFORESTS
dc.subjectFRUITS
dc.subjectGDP
dc.subjectGENDER
dc.subjectGLOBAL WARMING
dc.subjectGRASSES
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GASES
dc.subjectHARVESTING
dc.subjectHARVESTING EQUIPMENT
dc.subjectHECTARES OF LAND
dc.subjectINTENSIVE FARMING
dc.subjectINTERGOVERNMENTAL PANEL ON CLIMATE CHANGE
dc.subjectIPCC
dc.subjectIRRIGATED LAND
dc.subjectIRRIGATED LANDS
dc.subjectIRRIGATION
dc.subjectLAND VALUE
dc.subjectLAND_USE
dc.subjectLATIN AMERICAN
dc.subjectLIVESTOCK
dc.subjectMAIZE
dc.subjectMILLET
dc.subjectOATS
dc.subjectOIL PALM
dc.subjectPEANUTS
dc.subjectPESTS
dc.subjectPOOR FARMERS
dc.subjectPOTATOES
dc.subjectPRECIPITATION
dc.subjectPRODUCE
dc.subjectRAINFALL
dc.subjectRICE
dc.subjectRURAL COMMUNITIES
dc.subjectRURAL DEVELOPMENT
dc.subjectSEEDS
dc.subjectSINGLE CROP
dc.subjectSMALL FARM
dc.subjectSMALL FARMS
dc.subjectSOIL
dc.subjectSOIL CHARACTERISTICS
dc.subjectSOIL TYPES
dc.subjectSOILS
dc.subjectSOUTH AMERICA
dc.subjectSOUTH AMERICAN
dc.subjectSOYBEAN
dc.subjectSUGAR
dc.subjectSUGAR BEET
dc.subjectSUGARCANE
dc.subjectSUNFLOWER
dc.subjectTEA
dc.subjectTEMPERATURE
dc.subjectTEMPERATURE CHANGE
dc.subjectTOBACCO
dc.subjectWHEAT
dc.subjectWORLD METEOROLOGICAL ORGANIZATION
dc.subjectYIELDS
dc.titleA Ricardian Analysis of the Impact of Climate Change on Latin American Farms

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