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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (26513)	12/15/2007 1:31:26 PM
From: elmatador	Respond to of 218340

Global Warming Benefits U.S. Agriculture The authors measure the economic impact of climate on land prices. Using cross-sectional data on climate, farmland prices, and other economic and geophysical data for almost 3,000 counties in the United States, they find that higher temperatures in all seasons except autumn reduce average farm values, while more precipitation outside of autumn increases farm values. Applying the model to a global-warming scenario shows a significantly lower estimated impact of global warming on U.S. agriculture than the traditional production-function approach and, in one case, suggests that, even without carbon dioxide fertilization, global warming may have economic benefits for agriculture. American Economic Association. The Impact of Global Warming on Agriculture The net impact of warming (again without co2 fertilization) is slightly positive, suggesting an increase of $20-$35 billion in farmland values. Annualizing these capital values, this suggests a gain of $1 billion and $2 billion per year. It?s a little technical with regards to the economics not the science. Its also taking into account a +5F and +8% precipitation increase uniformly, which may or may not be the case. But I definitely recommend reading it. uplink.space.com