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Ex-Ante Economic Impact Analysis of Novel Traits in Canola

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  • Singla, Rohit
  • Naseem, Anwar

Abstract

This study evaluates the potential economic impacts of ten novel traits in canola by employing a stochastic economic surplus model. Nitrogen use efficiency, water use efficiency, flea beetle resistance, cold/freeze tolerance and drought tolerance traits were found to have the largest economic impacts. Major beneficiaries of the surplus benefits are consumers, and Canadian producers and innovators. The magnitudes of economic impacts varied substantially across the three major canola growing provinces in Canada. Net benefits were found sensitive to supply elasticity and time spent in R&D and regulatory approval. The benefits, however, were not very sensitive to alternative probability distribution assumption for adoption rate, and correlation of adoption rate with expected yield change.

Suggested Citation

  • Singla, Rohit & Naseem, Anwar, 2012. "Ex-Ante Economic Impact Analysis of Novel Traits in Canola," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126773, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae12:126773
    DOI: 10.22004/ag.econ.126773
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    More about this item

    Keywords

    Crop Production/Industries; Research Methods/ Statistical Methods;

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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