IDEAS home Printed from https://ideas.repec.org/p/isu/genstf/200807010700001491.html

Insuring Against Losses from Transgenic Contamination: The Case of Pharmaceutical Maize

Author

Listed:
  • Ripplinger, David G.
  • Hayes, Dermot J.
  • Goggi, A. Susana
  • Lamkey, Kendall

Abstract

Concerns about the risk of food supply contamination have limited the development and commercialization of certain pharmaceutical plants. This article develops an insurance pricing model that helps translate these concerns into a cost-benefit analysis. The model first estimates the physical dispersal of maize pollen subject to a number of weather parameters. This distribution is then validated with the limited amount of currently available field trial data. The physical distribution is then used to calculate the premium for a fair-valued insurance policy that would fund the destruction of possibly contaminated fields. The flexible framework can be readily adapted to other crops, management practices, and regions.

Suggested Citation

  • Ripplinger, David G. & Hayes, Dermot J. & Goggi, A. Susana & Lamkey, Kendall, 2008. "Insuring Against Losses from Transgenic Contamination: The Case of Pharmaceutical Maize," ISU General Staff Papers 200807010700001491, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:200807010700001491
    as

    Download full text from publisher

    File URL: https://dr.lib.iastate.edu/server/api/core/bitstreams/4b7c84a5-002e-4021-b41c-51f0c8641bf3/content
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    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:isu:genstf:200807010700001491. 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: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.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.