June 26, 2014

Revised Working Paper: A Ricardian Analysis of the Impact of Climate Change on European Agriculture

We recently revised our paper on climate change impacts on European Agriculture.

The new FEEM working paper is available here.

This new version is also circulated as CESIfo working paper here.


This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile regression outperforms OLS given farm level data. The results suggest that European farms are slightly more sensitive to warming than American farms with losses from -8% to -44% by 2100 depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of -9% to -13% per degree Celsius.