Potential Impacts of Climate Change on Crop Yields and Land Values in U.S. Agriculture:
Negative, Significant, and Robust

Links to articles of interest

• Working paper "Potential Impacts of Climate Change on Crop Yields and Land Values in U.S. Agriculture: Negative, Significant, and Robust".
• Deschenes and Greenstone (2007) "The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather," American Economic Review, 97(1), March 2007, p. 354-385.
• Schlenker and Roberts (2006) "Estimating the Impact of Climate Change on Crop Yields: The Importance of Non-linear Temperature Effects" SSRN Working Paper.
• Schlenker and Roberts (2006) "Nonlinear Effects of Weather on Corn Yields," Review of Agricultural Economics (Proceedings of the American Agricultural Economics Association Sessions at the 2006 Allied Social Science Associations Meeting, Boston, MA), 28(3), Fall 2006, p. 391-398.
• Schlenker, Hanemann, and Fisher (2006) "The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Conditions," Review of Economics and Statistics, 88(1), February 2006, p. 113-125.
• Schlenker, Hanemann, and Fisher (2005) "Will U.S. Agriculture Really Benefit from Global Warming? Accounting for Irrigation in the Hedonic Approach," American Economic Review, 95(1), March 2005, p. 395-406.

Links to data sets used in code

• DATA1.dta zipped file with data and code of Deschenes & Greenstone (2007). The file includes DATA1.dta, which is needed below.
• dataUSstorage.dta STATA data set with aggregate corn and soybeans production and storage data in the US for 1950-2005.
• dataCornSoySales.dta STATA data set with county-level corn and soybean sales in 1987, 1992, and 1997.
• dataOrangeStrawberrySales.dta STATA data set with orange and strawberry sales of all farms in a county where 95% of the area is devoted to the crop in question for 1982, 1987, 1992, and 1997.
• dataPanelNew.dta STATA panel data set with alternative weather variables.
• dataHedonic.dta STATA data set with variables from Schlenker, Hanemann, and Fisher (2006). (data appendix)
• dataExtremeTemperature.dta STATA data set to demonstrate the dependence of corn yields / farmland values on extreme temperatures.

Links to code

• Section 1: USstorage.do STATA code that regresses yearly aggregate corn storage on yield shocks (requires data sets: dataUSstorage).
• Section 1: countyStorage.do STATA code that regresses county-level corn and soybean sales on yield shocks for the Midwest (requires data sets: DATA1, dataCornSoySales, dataOrangeStrawberrySales).
• Section 1: profitRegression.do STATA code that examines how well DG's weather measure predicts profit (requires data sets: DATA1).
• Section 2: yieldRegression.do STATA code that compares how well various weather measures predict yields (requires data sets: DATA1 and dataPanelNew).
• Section 3: profitByState.do STATA code that examines results from state-level regressions and compares them to a pooled model (requires data sets: DATA1).
• Section 3: hedonicRobustness.do STATA code that examines the robustness of the hedonic approach (requires data sets: dataHedonic).
• Section 4: dataIssues.do STATA code that outlines data concerns (requires data sets: DATA1 and dataPanelNew).
• Section 5: extremeTemperature.do STATA code that links time series and cross-section of corn yields as well as cross-section of farmland values to extreme temperatures (requires data sets: dataExtremeTemperature and STATA routine to adjust for spatial correlation xls.ado).