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Valuation Of New Spring Wheat Varieties: Tradeoffs For Growers And End-Users

Author

Listed:
  • Wilson, William W.
  • Dahl, Bruce L.
  • Johnson, D. Demcey
  • Nganje, William E.

Abstract

Variety release decisions involve a number of tradeoffs, usually between grower and end-user characteristics as well as significant uncertainties about agronomic, quality, and economic variables. In this study, methodologies were developed to value tradeoffs for grower and end-user characteristics for wheat. The models capture effects of variability in agronomic, quality, and economic variables. The models were applied for three experimental varieties which have since been released and for two hypothetical varieties. Results indicate two of the experimental varieties provide improvements in grower and end-use value over most of the incumbents. Comparison of a risk adjusted portfolio model consisting of characteristics of end-use and grower values with traditional stochastic dominance techniques (tested for level of significance) indicate similar results. However, the portfolio model incorporates aspects of correlation between grower and end-use values simultaneously.

Suggested Citation

  • Wilson, William W. & Dahl, Bruce L. & Johnson, D. Demcey & Nganje, William E., 2001. "Valuation Of New Spring Wheat Varieties: Tradeoffs For Growers And End-Users," Agribusiness & Applied Economics Report 23622, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaae:23622
    DOI: 10.22004/ag.econ.23622
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    Cited by:

    1. Bruce L. Dahl & William W. Wilson & D. Demcey Johnson, 2004. "Valuing New Varieties: Trade-Offs between Growers and End-Users in Wheat," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(1), pages 82-96.
    2. Maxwell, Brett J. & Wilson, William W. & Dahl, Bruce L., 2004. "Marketing Mechanisms In Gm Grains And Oilseeds," Agribusiness & Applied Economics Report 23639, North Dakota State University, Department of Agribusiness and Applied Economics.

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    Keywords

    Crop Production/Industries;

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