This study explores the responses of rural land markets to rainfall shocks in Uganda and Kenya. This study matches the panel data on farm households with rainfall shocks constructed using high-resolution precipitation and temperature data. In both countries, access to credit plays a key role in defining households’ land market responses to rainfall shocks. Households with access to credit respond to rainfall shocks by acquiring more farmland through increased participation in land rental and sales markets. Pathway analyses suggest that exposure to rainfall shock has an impact on land rental prices. There is some evidence that similar to grain reserves and livestock, land markets can provide an avenue for households to respond to rainfall shocks.

中文翻译：

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土地市场对天气冲击的反应：来自乌干达和肯尼亚农村的证据

本研究探讨了乌干达和肯尼亚农村土地市场对降雨冲击的反应。本研究将农户的面板数据与使用高分辨率降水和温度数据构建的降雨冲击相匹配。在这两个国家，获得信贷在确定家庭对降雨冲击的土地市场反应方面发挥着关键作用。获得信贷的家庭通过更多地参与土地租赁和销售市场来获得更多农田，从而应对降雨冲击。路径分析表明，暴露于降雨冲击对土地租金价格有影响。有一些证据表明，与粮食储备和牲畜类似，土地市场可以为家庭提供应对降雨冲击的途径。