WHAT IS THE VALUE OF BT CORN?
| dc.creator | Hurley, Terrance M. | |
| dc.creator | Mitchell, Paul D. | |
| dc.creator | Rice, Marlin E. | |
| dc.date | 2017-04-01T17:04:00Z | |
| dc.date.accessioned | 2026-07-09T03:31:40Z | |
| dc.description | A common perception is that the value of Bt corn arises from two components-Bt corn increases expected profit and reduces profit variability. This perception encourages farmers and the policy makers to add a risk benefit to estimates of the value of Bt corn to account for the variability reduction. However, a conceptual model generates a useful decomposition of the value of Bt corn and a condition determining the impact of Bt corn on profit variability. An empirical model finds that Bt corn increases profit variability and thus decreases the value of Bt corn by 10-25% depending on risk preferences. | |
| dc.identifier | doi:10.22004/ag.econ.20476 | |
| dc.identifier | https://ageconsearch.umn.edu/record/20476/files/sp01hu05a.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/20476 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/534256 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/20476 | |
| dc.title | WHAT IS THE VALUE OF BT CORN? | |
| dc.type | Text |