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Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: An Empirical Analysis of Revealed Value Estimates

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  • Sydorovych, Olha
  • Marra, Michele C.

Abstract

A revealed-preference approach is proposed for the evaluation of the impact of changed patterns of herbicide use on RR soybeans. The results indicate that farmers consider herbicide safety in their herbicide choices and associate positive values with safety improvements. The aggregate welfare impact of reduced risk for the U.S. soybean farmers was estimated to be $90.3 million in 2001.

Suggested Citation

  • Sydorovych, Olha & Marra, Michele C., 2008. "Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: An Empirical Analysis of Revealed Value Estimates," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 8215, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:8215
    DOI: 10.22004/ag.econ.8215
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    References listed on IDEAS

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    1. Raymond J. G. M. Florax & Chiara M. Travisi & Peter Nijkamp, 2005. "A meta-analysis of the willingness to pay for reductions in pesticide risk exposure," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 32(4), pages 441-467, December.
    2. Maria Travisi, Chiara & Nijkamp, Peter & Vindigni, Gabriella, 2006. "Pesticide risk valuation in empirical economics: a comparative approach," Ecological Economics, Elsevier, vol. 56(4), pages 455-474, April.
    3. Vivien Foster & Susana Mourato, 2000. "Valuing the Multiple Impacts of Pesticide Use in the UK: A Contingent Ranking Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(1), pages 1-21, January.
    4. Bryan J. Hubbell & Gerald A. Carlson, 1998. "Effects of Insecticide Attributes on Within-Season Insecticide Product and Rate Choices: The Case of U.S. Apple Growers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(2), pages 382-396.
    5. Brethour, Cher & Weersink, Alfons, 2001. "An economic evaluation of the environmental benefits from pesticide reduction," Agricultural Economics, Blackwell, vol. 25(2-3), pages 219-226, September.
    6. Cuyno, Leah C. M. & Norton, George W. & Rola, Agnes, 2001. "Economic analysis of environmental benefits of integrated pest management: a Philippine case study," Agricultural Economics, Blackwell, vol. 25(2-3), pages 227-233, September.
    7. E. Douglas Beach & Gerald A. Carlson, 1993. "A Hedonic Analysis of Herbicides: Do User Safety and Water Quality Matter?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 612-623.
    8. Matin Qaim & Greg Traxler, 2005. "Roundup Ready soybeans in Argentina: farm level and aggregate welfare effects," Agricultural Economics, International Association of Agricultural Economists, vol. 32(1), pages 73-86, January.
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    Cited by:

    1. Dong, Fengxia & Mitchell, Paul D. & Hurley, Terrance M. & Frisvold, George B., 2012. "Quantifying Farmer Adoption Intensity for Weed Resistance Management Practices and Its Determinants," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 125194, Agricultural and Applied Economics Association.
    2. Gedikoglu, Haluk & McCann, Laura M.J., 2009. "Disadoption of Agricultural Practices by Livestock Farmers," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49404, Agricultural and Applied Economics Association.
    3. Frisvold, George, 2010. "Resistance Management and Sustainable Use of Agricultural Biotechnology," 14th ICABR Conference, June 16-18, 2010, Ravello, Italy 188091, International Consortium on Applied Bioeconomy Research (ICABR).

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