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Many studies have examined the impact of climatic variability on agricultural productivity, although an understanding of these effects on farmland values and their relationship to farmers’ decisions to adapt and modify their land-use practices remains nascent in developing nations. We estimated the impacts of the deviation in our study year's (2012) temperature and precipitation patterns from medium-term (1980–2011) climatic patterns on farmland values in Pakistan. This was accomplished by employing a modified form of a Ricardian regression model. We also examined farmers’ perceptions of climate change during this period, as well as their perceptions of climate change impacts on farm productivity, in addition to past and anticipated farm adaptation strategies. Our results indicate that positive temperature deviation from the medium-term mean – indicative of climatic change – affects farmland values in Pakistan …