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Valuation of Plant Variety Protection Certificates

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  • W. Lesser

Abstract

Hedonic pricing is used to value certificates of plant variety protection for soybean seed in New York. The estimated price premium of 2.3 percent (0.7/lb) is low, and another indicator that U.S. Plant Breeders' Rights protection likely provides inadequate incentives for breeding investment. Soon, Congress will decide on amending the Plant Variety Protection Act to strengthen protection. The current results suggest strengthening is needed, but additional study is required to determine if the proposed amendments are optimal.

Suggested Citation

  • W. Lesser, 1994. "Valuation of Plant Variety Protection Certificates," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 16(2), pages 231-238.
    • Handle: RePEc:oup:revage:v:16:y:1994:i:2:p:231-238.
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    File URL: http://hdl.handle.net/10.2307/1349465
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    Cited by:

    1. Marc Baudry & Adrien Hervouet, 2017. "The private value of plant variety protection and the impact of exemption rules," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(3), pages 202-226, April.
    2. Lesser, William H., 1997. "Assessing the Implications of IPR on Plant and Animal Agriculture," Staff Papers 121166, Cornell University, Department of Applied Economics and Management.
    3. Deepthi Elizabeth Kolady & William Lesser, 2009. "But are they Meritorious? Genetic Productivity Gains under Plant Intellectual Property Rights," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(1), pages 62-79, February.
    4. Brush, Stephen B., 2007. "Farmers' Rights and Protection of Traditional Agricultural Knowledge," World Development, Elsevier, vol. 35(9), pages 1499-1514, September.
    5. C. S. Srinivasan & Colin Thirtle, 2000. "Understanding the emergence of terminator technologies," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(8), pages 1147-1158.
    6. Brush, Stephen B., 2005. "Farmers' rights and protection of traditional agricultural knowledge:," CAPRi working papers 36, International Food Policy Research Institute (IFPRI).
    7. Gary W. Brester & Arlo Biere & Justin Armbrister, 1996. "Marketing identity preserved grain products: The case of American White Wheat Producers Association," Agribusiness, John Wiley & Sons, Ltd., vol. 12(3), pages 301-308.
    8. Lesser, William H., 1995. "Intellectual Property Protection for Indonesia," Staff Papers 121308, Cornell University, Department of Applied Economics and Management.
    9. Venkatesh, P. & Sangeetha, V. & Pal, Suresh, 2015. "India’s Experience of Plant Variety Protection: Trends, Determinants and Impact," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 200413, Agricultural and Applied Economics Association.

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