Using Degree Days to Value Farmland

Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the way that degree days are used in these recent studies is problematic and leads to biased and inaccurate results. These new findings have serious implications for any study that copies this methodology.


Issue Date:
Feb 23 2015
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/198711
Total Pages:
51
JEL Codes:
Q12; Q24; Q51; Q54
Series Statement:
CCSD
012.2015




 Record created 2017-04-01, last modified 2017-04-26

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