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Willingness To Plant Identity Preserved Crops: The Case Of Mississippi Soybeans

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  • Hudson, Darren
  • Jones, Tom

Abstract

The willingness to plant identity preserved (IP) crops was examined using Mississippi soybean producers as an example. A contingent valuation framework was used to assess the impacts of offered premiums on a producer's probability of planting IP soybeans. Findings suggest that offered premiums significantly affect planting decisions. In addition, desire to learn more about IP production was found to increase the probability of planting, suggesting that desire to learn leads to experimentation. Finally, prior knowledge or experience planting IP crops significantly decreased the probability of planting.

Suggested Citation

  • Hudson, Darren & Jones, Tom, 2001. "Willingness To Plant Identity Preserved Crops: The Case Of Mississippi Soybeans," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(03), December.
  • Handle: RePEc:ags:joaaec:15444
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    References listed on IDEAS

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    1. Pannell, David J., 1995. "Optimal Herbicide Strategies Given Yield and Quality Impacts of Weeds," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), August.
    2. Darren Hudson & Don Ethridge & Eduardo Segarra, 1998. "Incorrect Price Information for a Heterogeneous Commodity: A Conceptual Synthesis," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 20(2), pages 365-376.
    3. Lentz, T. Daniel & Akridge, Jay T., 1997. "Economic Evaluation Of Alternative Supply Chains For Soybean Peroxidase," Journal of Food Distribution Research, Food Distribution Research Society, vol. 28(3), October.
    4. Brown, Jeff E. & Ethridge, Don E. & Hudson, Darren & Engels, Carlos, 1995. "An Automated Econometric Approach For Estimating And Reporting Daily Cotton Market Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(02), December.
    5. Darren Hudson & Don Ethridge & Jeff Brown, 1996. "Producer prices in cotton markets: Evaluation of reported price information accuracy," Agribusiness, John Wiley & Sons, Ltd., vol. 12(4), pages 353-362.
    6. Patrick Bolton & Christopher Harris, 1999. "Strategic Experimentation," Econometrica, Econometric Society, vol. 67(2), pages 349-374, March.
    7. Guzman, Rolando M. & Ventura, Gustavo, 1998. "A model of experimentation with information externalities," Journal of Economic Dynamics and Control, Elsevier, vol. 23(1), pages 9-34, September.
    8. Dobbs, Thomas L., 1998. "Price Premiums for Organic Crops," Choices, Agricultural and Applied Economics Association, vol. 13(2).
    9. Kalaitzandonakes, Nicholas G. & Maltsbarger, Richard, 1998. "Biotechnology and Identity-Preserved Supply Chains: A Look at the Future of Crop Production and Marketing," Choices, Agricultural and Applied Economics Association, vol. 13(4).
    10. Nicholas G. Kalaitzandonakes, 2000. "Agrobiotechnology and Competitiveness," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1224-1233.
    11. Cooper, Joseph C., 1997. "Combining Actual And Contingent Behavior Data To Model Farmer Adoption Of Water Quality Protection Practices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), July.
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    More about this item

    Keywords

    identity preservation; soybeans; contingent valuation; experimentation; logit; probit; Crop Production/Industries; Q13; Q16;

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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