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Valuation of Plant Variety Protection Certificates

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  • Lesser, William H.

Abstract

Hedonic pricing is used to value certificates of plant variety protection for soybean seed in New York. The estimated price premium of 2.3 percent (.7 ¢/lb.) is low, and another indicator that US Plant Breeders' Rights protection likely provides inadequate incentives for breeding investment. Soon the Congress will decide on amending the Plant Variety Protection Act to strengthen protection. The current results suggest strengthening is needed, but additional study is required to determine if the proposed amendments are optimal.

Suggested Citation

  • Lesser, William H., 1993. "Valuation of Plant Variety Protection Certificates," Research Bulletins 123014, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudarb:123014
    DOI: 10.22004/ag.econ.123014
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    References listed on IDEAS

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    1. Foster, William E. & Perrin, Richard, 1991. "Economic Incentives and Plant Breeding Research," Archive 259517, North Carolina State University, Department of Agricultural and Resource Economics.
    2. Ted C. Schroeder & Juan A. Espinosa & Barry K. Goodwin, 1992. "The Value of Genetic Traits in Purebred Dairy Bull Services," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 14(2), pages 215-226.
    3. Perrin, Richard K., 1999. "Intellectual property rights and developing country agriculture," Agricultural Economics, Blackwell, vol. 21(3), pages 221-229, December.
    4. Claffey, Barbara A., 1981. "Patenting Life Forms: Issues Surrounding the Plant Variety Protection Act," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(2), pages 29-37, December.
    5. Claffey, Barbara A., 1981. "Patenting Life Forms: Issues Surrounding The Plant Variety Protection Act," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(2), pages 1-9, December.
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    Cited by:

    1. Alston, Julian M. & Venner, Raymond J., 2002. "The effects of the US Plant Variety Protection Act on wheat genetic improvement," Research Policy, Elsevier, vol. 31(4), pages 527-542, May.

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