IDEAS home Printed from https://ideas.repec.org/p/ags/aaea15/204846.html
   My bibliography  Save this paper

A socio economic assessment of yield increasing GM wheat in Germany

Author

Listed:
  • Wree, Philipp
  • Sauer, Johannes

Abstract

High Yield Genetically Modified Wheat (HOSUT) HOSUT lines are an innovation in wheat breeding based on genetic modification (GM) with an incremental yield potential of ca. 28 % compared to conventional wheat varieties. We apply the real option concept of Maximum Incremental Social Tolerable Irreversible Costs (MISTICs) to do an ex-ante assessment of the socioeconomic potential of HOSUT lines for Germany. We analyze the cost and benefits to farmer and society within two scenarios. Our results indicate that not authorizing HOSUT lines is correct if German society values the possible total irreversible costs of this technology to be € 10.44 and € 12.15 per citizen or more, depending on the scenario.

Suggested Citation

  • Wree, Philipp & Sauer, Johannes, 2015. "A socio economic assessment of yield increasing GM wheat in Germany," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 204846, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea15:204846
    DOI: 10.22004/ag.econ.204846
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/204846/files/A%20SOCIO%20ECONOMIC%20ASSESSMENT%20OF%20YIELD%20INCREASING%20GM%20WHEAT%20IN%20GERMANY%20_Poster_.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.204846?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Agricultural and Food Policy; Agricultural Finance; Food Security and Poverty; Land Economics/Use; Risk and Uncertainty;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea15:204846. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.