ECONOMICS OF PRODUCING FOR AN IDENTITY-PRESERVED (IP) GRAIN MARKET

Demand for identity-preserved (IP) crops produced by Northern Plains farmers is increasing. Buyers are willing to pay a premium for grains that can be guaranteed to possess a unique characteristic. Several general crop management practices apply to crops raised for IP. These include greater investment in segregated storage facilities, more meticulous production, isolation, added cleaning/sorting, documentation, greater testing, additional marketing, and risks of liability. To illustrate, the economics of producing certified seed for sale to other farmers is used as an example of IP grain production. Many of the concepts and specific practices of certified seed production are applicable to most IP crops raised.


Issue Date:
2002
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/23651
Total Pages:
15
Series Statement:
Staff Paper No. AAE 02002




 Record created 2017-04-01, last modified 2017-08-24

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