Adaptation to climate change via adjustment in land leasing: Evidence from dryland wheat farms in the U.S. Pacific Northwest
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© 2018 Land leasing is a possible climate adaptation where risk is shared. We investigate how climate affects dryland wheat farmland rental patterns in the U.S. Pacific Northwest. Using farm-level agricultural census data, we study the relationships between climate and leasing arrangements. We find that increases in precipitation reduce leased land and increase the use of cash-rent leases, while increases in precipitation variability reduce the prevalence of cash-rent leases. Using medium and high greenhouse-gas emission-based climate projections we predict that, by 2050, leased acreage will decline by 23% and, respectively 29%.
author list (cited authors)
Zhang, H., Mu, J. E., & McCarl, B. A.
complete list of authors
Zhang, Hongliang||Mu, Jianhong E||McCarl, Bruce A