Insuring Against Losses From Transgenic Contamination
Concerns about contamination of the food supply and the financial losses that would result have limited the promise of certain genetically engineered plants. This article addresses the situation by constructing an insurance pricing model to protect against those losses. The model first estimates the physical dispersal of corn pollen subject to a number of parameters. This physical distribution is then used to calculate the premium for fair valued insurance that would be necessary to destroy contaminated fields. The flexible framework can be readily adapted to other crops, management practices, and regions.
|Date of creation:||2004|
|Contact details of provider:|| Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202|
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nelson, Gerald C. & Palazzo, Amanda & Mason-DCroz, Daniel & Robertson, Richard D. & Thomas, Timothy S., 2013.
IFPRI book chapters,
in: Jalloh, Abdulai & Nelson, Gerald C. & Thomas, Timothy S. & Zougmore, Robert & Roy-Macauley, Harold (ed.), West African agriculture and climate change: A comprehensive analysis, chapter 2, pages 37-52
International Food Policy Research Institute (IFPRI).
- Nelson, Gerald C. & Palazzo, Amanda & Mason-Dâ€™Croz, Daniel & Robertson, Richard & Thomas, Timothy S., 2013. "Methodology," IFPRI book chapters, in: Hachigonta, Sepo & Nelson, Gerald C. & Thomas, Timothy S. & Sibanda, Lindiwe Majele (ed.), Southern African agriculture and climate change: A comprehensive analysis, chapter 2, pages 25-40 International Food Policy Research Institute (IFPRI).
When requesting a correction, please mention this item's handle: RePEc:ags:aaea04:20350. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.