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A Ricardian analysis of Mexican farms

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  • MENDELSOHN, ROBERT
  • ARELLANO-GONZALEZ, JESUS
  • CHRISTENSEN, PETER

Abstract

This paper measures the impact of climate on Mexican agriculture using a Ricardian analysis. The analysis relies on economic data from 621 individual farms that were collected in 2002. Data on climate, elevation, soils, and distance to nearest city were matched with each farm. The analysis reveals that farmland values in Mexico are sensitive to climate. On average, warmer temperatures reduce land value by 4,000 to 6,000 pesos per degree Celsius. Examining three climate scenarios for 2100, the models predict average losses of between −42% to −54% of land value in Mexico. As a percent of income, rainfed farms will suffer slightly larger damages than irrigated farms but comparisons between small and large farms are mixed.

Suggested Citation

  • Mendelsohn, Robert & Arellano-Gonzalez, Jesus & Christensen, Peter, 2010. "A Ricardian analysis of Mexican farms," Environment and Development Economics, Cambridge University Press, vol. 15(2), pages 153-171, April.
    • Handle: RePEc:cup:endeec:v:15:y:2010:i:02:p:153-171_99
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    Cited by:

    1. González, Humberto & Macías, Alejandro, 2017. "Agrifood Vulnerability and Neoliberal Economic Policies in Mexico," Review of Agrarian Studies, Foundation for Agrarian Studies, vol. 7(1), July.
    2. -, 2014. "La economía del cambio climático en América Latina y el Caribe: paradojas y desafíos. Síntesis 2014," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 37471, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. William M. Fonta & Aymar Y. Bossa & Mouhamadou B. Sylla, 2017. "The Economic Impact of Climate Change on Plantation Agriculture in Nigeria: Implication for Enhanced Productivity," Working Papers 342, African Economic Research Consortium, Research Department.
    4. Alejandro Lopez-Feldman, 2013. "Climate change, agriculture, and poverty: A household level analysis for rural Mexico," Economics Bulletin, AccessEcon, vol. 33(2), pages 1126-1139.
    5. Byela Tibesigwa & Martine Visser & Jane Turpie, 2017. "Climate change and South Africa’s commercial farms: an assessment of impacts on specialised horticulture, crop, livestock and mixed farming systems," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(2), pages 607-636, April.
    6. De Salvo, Maria & Raffaelli, Roberta & Moser, Riccarda, 2013. "The impact of climate change on permanent crops in an Alpine region: A Ricardian analysis," Agricultural Systems, Elsevier, vol. 118(C), pages 23-32.
    7. Arellano Gonzalez, Jesus, 2018. "Estimating climate change damages in data scarce and non-competitive settings: a novel version of the Ricardian approach with an application to Mexico," 2018 Annual Meeting, August 5-7, Washington, D.C. 274010, Agricultural and Applied Economics Association.
    8. Meza-Pale, Pablo & Yunez-Naude, Antonio, 2015. "The Effect of Rainfall Variation on Agricultural Households: Evidence from Mexico," 2015 Conference, August 9-14, 2015, Milan, Italy 212457, International Association of Agricultural Economists.
    9. -, 2015. "La economía del cambio climático en América Latina y el Caribe: paradojas y desafíos del desarrollo sostenible," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37310 edited by Cepal.
    10. Birthal, P.S. & Negi, Digvijay S. & Kumar, Shiv & Aggarwal, Shaily & Suresh, A. & Khan, Md. Tajuddin, 2014. "How Sensitive is Indian Agriculture to Climate Change?," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 69(4), pages 1-14.
    11. Basurto, Saul, 2016. "A Mexican Ricardian analysis: land rental prices or net revenues?," 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK 236362, Agricultural Economics Society.
    12. Antonio Yúnez Naude & Jesús Arellano González & Jimena Méndez Navarro, 2010. "Cambios en el bienestar de 1990 a 2005: un estudio espacial para México," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 25(2), pages 363-406.
    13. Geoffrey Norman Tumwine & Razack B Lokina & John Mary Matovu, 2019. "The Effect of Climate Change on Agricultural Crop Returns in Uganda," Journal of Economics and Behavioral Studies, AMH International, vol. 11(4), pages 71-87.
    14. AJALA Adedolapo Kemi & AJETOMOBI Joshua Olusegun & OJEDOKUN Idris kayode, 2021. "Analysis of Climate Change Impact on Yam Production in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 8(9), pages 143-153, September.
    15. Eva O. Arceo-Gómez & Danae Hernández-Cortés & Alejandro López-Feldman, 2020. "Droughts and rural households’ wellbeing: evidence from Mexico," Climatic Change, Springer, vol. 162(3), pages 1197-1212, October.
    16. Attavanich, Witsanu, 2017. "Effect of climate change on Thailand’s agriculture: New results," MPRA Paper 118290, University Library of Munich, Germany.
    17. Attavanich, Witsanu, 2013. "The Effect of Climate Change on Thailand’s Agriculture," MPRA Paper 84005, University Library of Munich, Germany, revised Feb 2014.
    18. Van Passel, S. & Vanschoenwinkel, J. & Moretti, M., 2018. "The effect of policy leveraging climate change adaptive capacity in agriculture," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277059, International Association of Agricultural Economists.
    19. De Salvo, Maria & Begalli, Diego & Capitello, Roberta & Signorello, Giovanni, 2015. "A spatial micro-econometric approach to estimating climate change impacts on wine firm performance: A case study from Moldavia region, Romania," Agricultural Systems, Elsevier, vol. 141(C), pages 48-57.
    20. Nuñez, Hector M. & Chakrabortu, Lopamudra & Robles-Chavez, Jesus Eduardo, 2021. "Impacts of Weather Shocks on Crop Yields in Mexico," 2021 Conference, August 17-31, 2021, Virtual 314988, International Association of Agricultural Economists.
    21. Janka Vanschoenwinkel & Steven Passel, 2018. "Climate response of rainfed versus irrigated farms: the bias of farm heterogeneity in irrigation," Climatic Change, Springer, vol. 147(1), pages 225-234, March.
    22. AJALA Adedolapo Kemi & AJETOMOBI Joshua Olusegun & OJEDOKUN Idris kayode, 2021. "Consequences of Climate Anomalies on Groundnut Production in Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 8(9), pages 133-142, September.
    23. Alan Martín Hernández-Solano & Véronique Sophie Avila-Foucat, 2019. "Adaptación al cambio climático y sus efectos en la economía de los hogares rurales mexicanos productores de alimentos. (Climate change adaptation and its effects on the economy of the rural Mexican ho," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 61-86, May.
    24. McCarl, Bruce A. & Attavanich, Witsanu & Musumba, Mark & Mu, Jianhong E. & Aisabokhae, Ruth, 2011. "Land Use and Climate Change," MPRA Paper 83993, University Library of Munich, Germany, revised 2014.
    25. Mora-Rivera, José Jorge, 2013. "efectos del cambio climático sobre la renta de la tierra de guatemala: un enfoque ricardiano," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(38), pages 7-38, segundo t.

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