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ARS Home » Plains Area » Bushland, Texas » Conservation and Production Research Laboratory » Soil and Water Management Research » Research » Publications at this Location » Publication #307863
Title: Does climatic variability influence agricultural land prices under differing uses? The Texas High Plains case

Author
item TEWARI, RACHNA - University Of Tennessee
item JOHNSON, JEFF - Texas Tech University
item HUDSON, DARREN - Texas Tech University
item WANG, CHENGGANG - Texas Tech University
item PATTERSON, DENNIS - Texas Tech University

Submitted to: Natural Resources
Publication Type: Peer Reviewed Journal
Publication Acceptance Date: 11/30/2013
Publication Date: 12/1/2013
Citation: Tewari, R., Johnson, J., Hudson, D., Wang, C., Patterson, D. 2013. Does climatic variability influence agricultural land prices under differing uses? The Texas High Plains case. Natural Resources. 4(8):506-513.

Interpretive Summary:

Technical 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.