Production Decisions With Uncertain Markets: The Case Of Bt Corn
The effect of marketing uncertainty due to consumer opposition over genetically modified (GM) grain is modeled in the context of a producer's decision to plant GM. The model shows that a tendency to plant less GM acreage and obtain premium prices for Non-GM grain is tempered by increased price risk.
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- Jeffrey Hyde & Marshall A. Martin & Paul V. Preckel & C. Richard Edwards, 1999. "The Economics of Bt Corn: Valuing Protection from the European Corn Borer," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(2), pages 442-454.
- K. K. Klein & W. A. Kerr & J. E. Hobbs, 1998. "The Impact of Biotechnology on Agricultural Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 46(4), pages 441-453, December.
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