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http://dx.doi.org/10.1257/aer.89.4.1049

has been cited by the following article:

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

  AUTHORS: Rachna Tewari, Jeff Johnson, Darren Hudson, Chenggang Wang, Dennis Patterson

  KEYWORDS: Climatic Variability; Dryland; Irrigated Land; Land Prices; Ranchland; Texas High Plains

  JOURNAL NAME: Natural Resources, Vol.4 No.8, December 30, 2013

  ABSTRACT: 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.