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Product Life Cycles and Innovation in the US Seed Corn Industry

Author

Listed:
  • Magnier, Alexandre
  • Kalaitzandonakes, Nicholas G.
  • Miller, Douglas J.

Abstract

The purpose of this study is to evaluate potential changes in the length of product life cycles in the US seed corn industry. We use the observed survival time on the market for hybrids sold during 1997-2009 to conduct a survival analysis. Our empirical results show that the average lifetimes of conventional and biotech corn hybrids have decreased over the last twelve years at similar rates and that the rate of decline in the life cycle length increased since 2004. We also find that the shorter product life cycles are closely linked to the accelerated levels of biotech product innovation in the US seed corn industry observed over the period of the analysis.

Suggested Citation

  • Magnier, Alexandre & Kalaitzandonakes, Nicholas G. & Miller, Douglas J., 2010. "Product Life Cycles and Innovation in the US Seed Corn Industry," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61779, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea10:61779
    DOI: 10.22004/ag.econ.61779
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    File URL: https://ageconsearch.umn.edu/record/61779/files/MKMLifeCycle.pdf
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    Citations

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    Cited by:

    1. Seungki Lee & GianCarlo Moschini, 2020. "Estimating the Value of Innovation and Extension Information: SCNResistant Soybean Varieties," Center for Agricultural and Rural Development (CARD) Publications 20-wp603, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Bastgen, A. & Holzner, C.L., 2017. "Employment protection and the market for innovations," Labour Economics, Elsevier, vol. 46(C), pages 77-93.
    3. Seungki Lee & GianCarlo Moschini, 2022. "On the value of innovation and extension information: SCN‐resistant soybean varieties," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(4), pages 1177-1202, August.
    4. Federico Ciliberto & GianCarlo Moschini & Edward D. Perry, 2019. "Valuing product innovation: genetically engineered varieties in US corn and soybeans," RAND Journal of Economics, RAND Corporation, vol. 50(3), pages 615-644, September.
    5. Ma, Xingliang & Shi, Guanming, 2013. "GM vs. Non-GM: A Survival Analysis of U.S. Hybrid Seed Corn," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(3), pages 1-19, December.
    6. MacDonald, James M. & Dong, Xiao & Fuglie, Keith O., 2023. "Concentration and Competition in U.S. Agribusiness," Economic Information Bulletin 337566, United States Department of Agriculture, Economic Research Service.
    7. Shakya, Sumadhur & Wilson, William W. & Dahl, Bruce L., 2012. "Valuing New Random GM Traits: The Case of Drought Tolerant Wheat," Agribusiness & Applied Economics Report 128033, North Dakota State University, Department of Agribusiness and Applied Economics.
    8. Perry, Edward & Hennessy, David A. & Moschini, GianCarlo, 2018. "Planting Rates in U.S. Maize: Improved Varieties and Learning," 2018 Annual Meeting, August 5-7, Washington, D.C. 274341, Agricultural and Applied Economics Association.
    9. Kalaitzandonakes, Nicholas & Magnier, Alexandre, 2013. "The economics of adventitious presence thresholds in the EU seed market," Food Policy, Elsevier, vol. 43(C), pages 237-247.
    10. Shakya, Sumadhur & Wilson, William W. & Dahl, Bruce L., 2013. "Valuing New Random Genetically Modified (GM) Traits in Corn," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(1), pages 1-17, April.
    11. Feeney, Roberto Juan & Harmath, Pedro & Clay, Pablo Mac, 2020. "Brand Loyalty in Argentine Commercial Crop Seed Markets," International Journal of Agricultural Management, Institute of Agricultural Management, vol. 9, April.
    12. Saavoss, Monica & Capehart, Tom & McBride, William & Effland, Anne, 2021. "Trends in Production Practices and Costs of the U.S. Corn Sector," USDA Miscellaneous 312954, United States Department of Agriculture.
    13. Melinda Smale & John Olwande, 2014. "Demand for maize hybrids and hybrid change on smallholder farms in Kenya," Agricultural Economics, International Association of Agricultural Economists, vol. 45(4), pages 409-420, July.

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