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2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin >
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http://purl.umn.edu/49342
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| Title: | Valuing the Roundup Ready® Soybean Weed Management Program |
| Authors: | Aultman, Stephen
Hurley, Terrance M.
Mitchell, Paul D.
Frisvold, George B. |
| Authors (Email): | Aultman, Stephen (aultm015@umn.edu)
Hurley, Terrance M. (tmh@umn.edu)
Mitchell, Paul D. (pdmitchell@wisc.edu)
Frisvold, George (frisvold@ag.arizona.edu) |
| Keywords: | Roundup Ready
Soybean
Glyphosate
Weed Resistance
Benefits |
| Issue Date: | 2009 |
| Series/Report no.: | Selected Paper
610098 |
| Abstract: | This study examines soybean grower adoption of the Roundup Ready® (RR) weed management program with and without a residual herbicide application, and grower concerns regarding weed resistance to herbicides using telephone survey data from of 357 growers in 2007. It also estimates the pecuniary and non-pecuniary benefits enjoyed by growers from their RR program. The results indicate that soybean growers planned to treat 29 percent of their RR acres with a residual herbicide in 2008. More than half (53%) of the growers survey were concerned about weed resistance. The estimated expected benefit of the RR program in 2008 was $10.17 per acre, which translates into about $727 million with 75.7 million acres of soybean in the U.S. in 2008. The estimated value per acre of the RR program with and without a residual was $8.78 and $12.83. The estimates also suggest that if growers were not using residual herbicides with the RR program, their benefits would be 28.4% lower. Alternatively, if all growers were required to use residual herbicides on their RR acres, the value of the RR program would be 46% lower. Simply increasing grower weed resistance concerns could increase residual herbicide use on RR acres by up to 7%. The same increase in residual herbicide use could be accomplished by decreasing the cost of residual herbicide applications on RR acres by $0.81 per acre. |
| URI: | http://purl.umn.edu/49342 |
| Institution/Association: | Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin |
| To Page: | 29 |
| Collections: | 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
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| AAEA Selected Paper 610098.pdf | | 110Kb | PDF | View/Open |
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