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Valuing New Varieties: Trade-Offs between Growers and End-Users in Wheat

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  • Bruce L. Dahl
  • William W. Wilson
  • D. Demcey Johnson

Abstract

Variety release decisions usually involve trade-offs between growers and end-users as well as substantial uncertainties about agronomic, quality, and economic variables. In this paper, methodologies were developed to value grower and end-user characteristics for individual wheat varieties and to evaluate trade-offs. The models capture effects of variability in agronomic, quality, and economic variables and were applied to experimental and hypothetical varieties. Results indicate two experimental varieties provide improvements in grower and end-use value over most of the incumbents. Though applied to a specific grain and region, the approach is applicable to other grains and oilseeds that have multiple agronomic and quality attributes.

Suggested Citation

  • Bruce L. Dahl & William W. Wilson & D. Demcey Johnson, 2004. "Valuing New Varieties: Trade-Offs between Growers and End-Users in Wheat," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(1), pages 82-96.
    • Handle: RePEc:oup:revage:v:26:y:2004:i:1:p:82-96.
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2003.00163.x
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    References listed on IDEAS

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    1. Robinson, Stephen D., 1995. "Selecting wheat varieties in a stochastic environment," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 171091, Australian Agricultural and Resource Economics Society.
    2. Fraser, Rob W., 1997. "Seasonal variability, land values and willingness-to-pay for a forward wheat contract with protein premiums and discounts," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(2), pages 1-17.
    3. Bruno Larue, 1991. "Is Wheat a Homogeneous Product?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 39(2), pages 103-117, July.
    4. Michele M. Veeman, 1987. "Hedonic Price Functions for Wheat in the World Market: Implications for Canadian Wheat Export Strategy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 35(3), pages 535-552, November.
    5. Gomez-Limon, J. A. & Berbel, J., 2000. "Multicriteria analysis of derived water demand functions: a Spanish case study," Agricultural Systems, Elsevier, vol. 63(1), pages 49-72, January.
    6. Bruce L. Dahl & William W. Wilson & Wesley W. Wilson, 1999. "Factors Affecting Spring Wheat Variety Choices: Comparisons between Canada and the United States," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(3), pages 305-320, November.
    7. Wilson, William W. & Dahl, Bruce L. & Johnson, D. Demcey & Nganje, William E., 2001. "Valuation Of New Spring Wheat Varieties: Tradeoffs For Growers And End-Users," Agribusiness & Applied Economics Report 23622, North Dakota State University, Department of Agribusiness and Applied Economics.
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    Cited by:

    1. Dahl, Bruce & Wilson, William W., 2018. "Risk premiums due to Fusarium Head Blight (FHB) in wheat and barley," Agricultural Systems, Elsevier, vol. 162(C), pages 145-153.
    2. Wilson, William W. & Dahl, Bruce L., 2008. "Procurement Strategies to Improve Quality Consistency in Wheat Shipments," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(1), pages 1-17, April.
    3. Wilson, William W. & Wilson, Wesley & Dahl, Bruce L., 2009. "Protein and the demand for hard wheats," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(2), pages 1-19.
    4. Roberts, Shane & Brooks, Kathleen & Nogueira, Lia & Walters, Cory G., 2022. "The role of quality characteristics in pricing hard red winter wheat," Food Policy, Elsevier, vol. 108(C).

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