%X According to most ‘climate scientists’, an increase in temperature will be seen in the 21st century due to emission of greenhouse gasses by human activities. This thesis does assess the impact of an increase
in temperature on agricultural rents and land values. Earlier studies showed that an increase in temperature will severely impact agricultural production. In this master thesis which performed a case
study on Kansas corn production, it was found that an increase in temperature negatively impacts corn production significant, with a decrease of production up to 55% if temperature increases by 4 degrees Celsius. A second analysis in which the impact of decreasing production on rents was estimated, showed that rents for agricultural land in the US can go down by 63% if temperature increases by 4 degrees Celsius. This thesis proposes a refined model for estimating the impact of temperature increase on land values.
%A Glenn Leander Joost Kasser
%D 2019
%L theses_frw2012
%T LAND VALUES AND CLIMATE CHANGE: HOW, AND TO WHAT EXTENT, DOES CLIMATE CHANGE AND DESERTIFICATION IMPACT AGRICULTURAL LAND VALUES?