IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v100y2018i2p600-608..html
   My bibliography  Save this article

Genetic Engineering and Risk in Varietal Selection of Potatoes

Author

Listed:
  • Kate Binzen Fuller
  • Gary W Brester
  • Michael A Boland

Abstract

The objective of this case study is to examine the farm management decision of whether to adopt a new, genetically engineered potato variety. We describe the potato supply chain from seed production to final consumer products and explore how price and production risk interact to influence decision making at each link in that chain. We provide extensive supplemental material as well, including a teaching note with assignment and/or discussion questions, an introduction to and application of stakeholder theory, and a tool that assists students in calculating expected and simulated actual returns from their choice of potato variety.

Suggested Citation

  • Kate Binzen Fuller & Gary W Brester & Michael A Boland, 2018. "Genetic Engineering and Risk in Varietal Selection of Potatoes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(2), pages 600-608.
    • Handle: RePEc:oup:ajagec:v:100:y:2018:i:2:p:600-608.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/ajae/aax098
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Thorne, Fiona S., 2012. "Potato Prices as Affected by Supply and Demand Factors: An Irish Case Study," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122473, European Association of Agricultural Economists.
    2. Lacy, Katie & Huffman, Wallace E., 2016. "Consumer Demand for Potato Products and Willingness-to-Pay for Low-Acrylamide, Sulfite-Free Fresh Potatoes and Dices: Evidence from Lab Auctions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(1), pages 1-22, January.
    3. Gregory Colson & Wallace E. Huffman, 2011. "Consumers' Willingness to Pay for Genetically Modified Foods with Product-Enhancing Nutritional Attributes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(2), pages 358-363.
    4. Yuliya Bolotova & Christopher S. McIntosh & Paul E. Patterson & Kalamani Muthusamy, 2010. "Is stabilization of potato price effective? Empirical evidence from the Idaho Russet Burbank potato market," Agribusiness, John Wiley & Sons, Ltd., vol. 26(2), pages 177-201.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fan, Xiaoli & Muringai, Violet, 2018. "Effect of Information on Consumer Acceptance of Genetically Modified Potatoes in Canada," 2018 Annual Meeting, August 5-7, Washington, D.C. 274073, Agricultural and Applied Economics Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fuller, Kate Binzen & Brester, Gary & Boland, Michael, "undated". "Fries, Bakers, Tots, and Seed: Genetic Engineering and Varietal Selection," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 261227, Agricultural and Applied Economics Association.
    2. Fan, Xiaoli & Muringai, Violet, 2018. "Effect of Information on Consumer Acceptance of Genetically Modified Potatoes in Canada," 2018 Annual Meeting, August 5-7, Washington, D.C. 274073, Agricultural and Applied Economics Association.
    3. Bolotova, Yuliya, 2014. "Agricultural Supply Management and Antitrust in the United States System of Agribusiness," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(3), pages 1-24, September.
    4. Julieta Alejandra Rodriguez & Elsa Mirta Margarita Rodr?guez & Beatriz Lup?n, 2020. "Consumers? assessment of labelled and packaged fresh potato: Evidence from Experimental Auctions," Economia agro-alimentare, FrancoAngeli Editore, vol. 22(3), pages 1-19.
    5. Rousselière, Samira & Rousselière, Damien & Ramani, Shyama, 2016. "Innovation Led Alliances: Theory and application to the GM Plant Industry," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235711, Agricultural and Applied Economics Association.
    6. Alexandre Magnier & Nicholas Kalaitzandonakes & Jayson Lusk, 2022. "Changes in Consumer Preferences toward Non‐GM Foods within an Information‐Rich Environment: The Case of the Washington State Ballot Initiative," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(1), pages 489-510, March.
    7. Azucena GRACIA & Tiziana DE-MAGISTRIS, 2015. "The role of participants' competitiveness in consumers' valuation for food products using experimental auctions," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(10), pages 484-491.
    8. J. Ross Pruitt & Kaitlyn M. Melton & Marco A. Palma, 2021. "Does Physical Activity Influence Consumer Acceptance of Gene Edited Food?," Sustainability, MDPI, vol. 13(14), pages 1-12, July.
    9. Kassas, Bachir & Cao, Xiang & Gao, Zhifeng & House, Lisa A. & Guan, Zhengfei, 2023. "Consumer preferences for country of origin labeling: Bridging the gap between research estimates and real-world behavior," Journal of choice modelling, Elsevier, vol. 48(C).
    10. Samira Rousselière & Shyama V. Ramani & Damien Rousselière, 2021. "The organizational choice of technology transfer mode: Theory and application to the genetically modified plant industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(6), pages 1466-1476, September.
    11. John C. Beghin & Christopher R. Gustafson, 2021. "Consumer Valuation of and Attitudes towards Novel Foods Produced with New Plant Engineering Techniques: A Review," Sustainability, MDPI, vol. 13(20), pages 1-17, October.
    12. Heiman, Amir, 2015. "Positioning GM Food Product : Benefits, risk and loss aversion considerations," GMCC-15: Seventh GMCC, November 17-20, 2015, Amsterdam, the Netherlands 211475, International Conference on Coexistence between Genetically Modified (GM) and non-GM based Agricultural Supply Chains (GMCC).
    13. Anwar, Dr. Mumtaz & Shabbir, Dr. Ghulam & Shahid, M. Hassam & Samreen, Wajiha, 2015. "Determinants of Potato Prices and its Forecasting: A Case Study of Punjab, Pakistan," MPRA Paper 66678, University Library of Munich, Germany.
    14. Yang Yang & Jill E. Hobbs, 2020. "The Power of Stories: Narratives and Information Framing Effects in Science Communication," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(4), pages 1271-1296, August.
    15. Thunström, Linda & Gilbert, Ben & Ritten, Chian Jones, 2018. "Nudges that hurt those already hurting – distributional and unintended effects of salience nudges," Journal of Economic Behavior & Organization, Elsevier, vol. 153(C), pages 267-282.
    16. Gina Waterfield & Scott Kaplan & David Zilberman, 2020. "Willingness to Pay versus Willingness to Vote: Consumer and Voter Avoidance of Genetically Modified Foods," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(2), pages 505-524, March.
    17. Luca Lombardo & Samanta Zelasco, 2016. "Biotech Approaches to Overcome the Limitations of Using Transgenic Plants in Organic Farming," Sustainability, MDPI, vol. 8(5), pages 1-7, May.
    18. Zhao, Li & Gu, Haiying & Yue, Chengyan & Ahlstrom, David, 2013. "Consumer welfare and GM food labeling: A simulation using an adjusted Kumaraswamy distribution," Food Policy, Elsevier, vol. 42(C), pages 58-70.
    19. Paudel, Bindu & Kolady, Deepthi Elizabeth & Just, David R. & Van Der Sluis, Evert, 2021. "Determinants of consumer acceptance of genetically modified and gene-edited foods: Market and policy implications," 2021 Annual Meeting, August 1-3, Austin, Texas 313905, Agricultural and Applied Economics Association.
    20. Yuliya V. Bolotova, 2016. "Agricultural Supply Management and Market Power: Evidence from the U.S. Dairy and Potato Industries," Agribusiness, John Wiley & Sons, Ltd., vol. 32(4), pages 563-568, November.

    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:oup:ajagec:v:100:y:2018:i:2:p:600-608.. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Oxford University Press (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.