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Ex Ante Economic Impact Analysis of Novel Traits in Canola

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  • Naseem, Anwar
  • Singla, Rohit

Abstract

This study evaluates the potential economic impacts of ten novel traits in canola by employing a stochastic economic surplus model. Nitrogen use efficiency, water use efficiency, flea-beetle resistance, cold/freeze tolerance, and drought tolerance traits would have the largest economic impacts. Major beneficiaries of the surplus benefits are consumers as well as Canadian producers and innovators. The magnitudes of economic impacts varied substantially across the three major canola-growing Canadian provinces. Net benefits were sensitive to supply elasticity and R&D lags.

Suggested Citation

  • Naseem, Anwar & Singla, Rohit, 2013. "Ex Ante Economic Impact Analysis of Novel Traits in Canola," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(2), pages 1-21, August.
    • Handle: RePEc:ags:jlaare:158288
    DOI: 10.22004/ag.econ.158288
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    More about this item

    Keywords

    Crop Production/Industries; Production Economics;

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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