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Genetic Engineering and Risk in Varietal Selection of Potatoes

Author

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  • 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.
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    File URL: http://hdl.handle.net/10.1093/ajae/aax098
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    References listed on IDEAS

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    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.
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    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.

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