Climate change impacts on farmland value in Bangladesh

Many studies have examined the effects of climate change on farmland value in developed countries, but our understanding of the impact of climate change on farmland value is still very limited, especially in developing countries. In this study, we aimed to assess the effects of climate change on farmland value in Bangladesh using the Ricardian model. Household-level data collected from seven selected agroecological zones in Bangladesh were used to estimate the relationships among farmland value and long-term climate, farm household, and policy variables. The results showed that the current land values of farmers are sensitive to climate. A new variable called “flooding” was added to the Ricardian model, and the results indicated that floods are responsible for reductions in farmland…