Agricultural and Biological Sciences
4 years ago

Climate change could drastically alter rural land values, impacting global agriculture.

RePEc: Research Papers in Economics
Examining Patterns in and Drivers of Rural Land Values
Corey Allan, Suzi Kerr

Paper Summary

The article examines rural land values in New Zealand from 1980 to 2010 to understand what influences them. Extreme weather events like droughts and storms could affect land value by impacting land productivity. Climate change may also affect global commodity prices and the profitability of agriculture. How land values respond to these changes will determine who bears the losses.

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