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Production Decisions With Uncertain Markets: The Case Of Bt Corn

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  • Hurley, Terrance M.
  • Olson, Kent D.

Abstract

The effect of marketing uncertainty due to consumer opposition over genetically modified (GM) grain is modeled in the context of a producer's decision to plant GM. The model shows that a tendency to plant less GM acreage and obtain premium prices for Non-GM grain is tempered by increased price risk.

Suggested Citation

  • Hurley, Terrance M. & Olson, Kent D., 2000. "Production Decisions With Uncertain Markets: The Case Of Bt Corn," 2000 Annual meeting, July 30-August 2, Tampa, FL 21801, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea00:21801
    DOI: 10.22004/ag.econ.21801
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    References listed on IDEAS

    as
    1. K. K. Klein & W. A. Kerr & J. E. Hobbs, 1998. "The Impact of Biotechnology on Agricultural Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 46(4), pages 441-453, December.
    2. Jeffrey Hyde & Marshall A. Martin & Paul V. Preckel & C. Richard Edwards, 1999. "The Economics of Bt Corn: Valuing Protection from the European Corn Borer," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(2), pages 442-454.
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    Crop Production/Industries;

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