El Nino/Southern Oscillation Effects On Farmland Values In The United States
This paper evaluates the impact of the El Nino/Southern Oscillation (ENSO) on U.S. farmland values. Fourier series analysis decomposes climatological variation into ENSO and non-ENSO components. Farmland values, regressed against ENSO variation and other variables, are negatively affected by ENSO related weather variability in about 90% of U.S. climatological regions.
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MIT Press, vol. 84(1), pages 176-183, February.
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