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Valuing Plant Genetic Resources: An Economic Model Of Utilization Of The U.S. National Crop Germplasm Collection

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  • Zohrabian, Armineh
  • Traxler, Greg

Abstract

Exploration of a germplasm collection for a particular trait is viewed as a search within a given distribution. An optimal strategy would be to search and collect additional accessions for traits as long as expected benefit is greater or equal to the cost of collecting, conserving and testing it. The probability of finding a desirable trait depends on the number of accessions that are screened for the trait, and the distribution of that trait in the collection or in certain subcollections. This study will estimate the expected net return from an additional search opportunity in regard to several pest resistance traits for soybeans both when the additional accession is from the existing collection, and when it is newly acquired.

Suggested Citation

  • Zohrabian, Armineh & Traxler, Greg, 1999. "Valuing Plant Genetic Resources: An Economic Model Of Utilization Of The U.S. National Crop Germplasm Collection," 1999 Annual meeting, August 8-11, Nashville, TN 21655, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21655
    DOI: 10.22004/ag.econ.21655
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    References listed on IDEAS

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    1. Simpson, R David & Sedjo, Roger A & Reid, John W, 1996. "Valuing Biodiversity for Use in Pharmaceutical Research," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 163-185, February.
    2. Evenson, Robert E & Kislev, Yoav, 1976. "A Stochastic Model of Applied Research," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 265-281, April.
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