Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: An Empirical Analysis of Revealed Value Estimates
Sydorovych, Olha; Marra, Michele C.
2008

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Abstract

A revealed-preference approach is proposed for the evaluation of the impact of changed patterns of herbicide use on RR soybeans. The results indicate that farmers consider herbicide safety in their herbicide choices and associate positive values with safety improvements. The aggregate welfare impact of reduced risk for the U.S. soybean farmers was estimated to be $90.3 million in 2001.

Details

Title Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: An Empirical Analysis of Revealed Value Estimates
Author(s) Sydorovych, Olha
Marra, Michele C.
Subject(s)
Issue Date 2008
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.8215
Record Identifier https://ageconsearch.umn.edu/record/8215
PURL Identifier http://purl.umn.edu/8215
Language English
Total Pages 21
Series Statement Selected Paper
Record Appears in Southern Agricultural Economics Association (SAEA) > 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas

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