Valuation Of New Spring Wheat Varieties: Tradeoffs For Growers And End-Users
Abstract
Variety release decisions involve a number of tradeoffs, usually between grower and end-user characteristics as well as significant uncertainties about agronomic, quality, and economic variables. In this study, methodologies were developed to value tradeoffs for grower and end-user characteristics for wheat. The models capture effects of variability in agronomic, quality, and economic variables. The models were applied for three experimental varieties which have since been released and for two hypothetical varieties. Results indicate two of the experimental varieties provide improvements in grower and end-use value over most of the incumbents. Comparison of a risk adjusted portfolio model consisting of characteristics of end-use and grower values with traditional stochastic dominance techniques (tested for level of significance) indicate similar results. However, the portfolio model incorporates aspects of correlation between grower and end-use values simultaneously.Download Info
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Paper provided by North Dakota State University, Department of Agribusiness and Applied Economics in its series Agribusiness & Applied Economics Report with number 23622.Length:
Date of creation: 2001
Date of revision:
Handle: RePEc:ags:nddaae:23622
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Keywords: Variety Development; Grower Value; End-user Value; North Dakota; Tradeoffs; Stochastic Dominance; Portfolio Value; Crop Production/Industries;References
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Maxwell, Brett J. & Wilson, William W. & Dahl, Bruce L., 2004. "Marketing Mechanisms In Gm Grains And Oilseeds," Agribusiness & Applied Economics Report 23639, North Dakota State University, Department of Agribusiness and Applied Economics.
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