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Title: Market Impacts of Adopting Herbicide-Resistant Rice in the Southern United States
Authors: Fuller, Frank H.
Annou, Mamane Malam
Wailes, Eric J.
Keywords: biotechnology
crop rotation
herbicide resistant
red rice
simulation models
technology adaptation
JEL Codes: Q11
Issue Date: 2003-04
Abstract: Herbicide-resistant (HR) rice varieties offer U.S. rice producers a powerful tool for control of red rice infestations. However, improved weed control can shorten crop rotations and boost yields, resulting in expanded rice production and lower domestic market prices. Declining market returns diminish the benefits of HR rice adoption and substantially reduce net returns for nonadopters. More competitive prices increase U.S. rice exports, causing a slight decline in world rice prices. The dependence of the rice marketing loan program on world prices prevents loan deficiency payments from adequately offsetting producers’ market revenue losses. U.S. consumers gain from lower rice prices.
Institution/Association: Journal of Agricultural and Applied Economics>Volume 35, Number 01, April 2003
Total Pages: 9
From Page: 185
To Page: 193
Collections: Volume 35, Number 01, April 2003

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