The effect of urban climate shifts on land values in the Chesapeake Bay area

Urban Farm DB summary

This study developed a micro-level Ricardian model to assess how long-run climate patterns affect agricultural land values across the urban-rural gradient in the Chesapeake Bay Watershed. Analysis using an 8-km gridded dataset combining farmland prices, high-resolution climate data, and urban land cover showed that seasonal temperature and precipitation nonlinearly affect land values, and urbanization significantly moderates precipitation effects. A climate simulation suggested heterogeneous impacts across urban grids.