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