Genetic Engineering and Risk in Varietal Selection of Potatoes. (6th February 2018)

• Record Type: Journal Article
• Authors: Fuller, Kate Binzen; Brester, Gary W; Boland, Michael A
• Is Part Of: American journal of agricultural economics. Volume 100:Number 2(2018)
• Page Start: 600
• Page End: 608
• Publication Date: 2018-02-06
• Subjects: Agricultural pests and diseases -- farm management decisions -- genetic engineering -- potatoes -- risk analysis -- seed production; Agriculture -- Economic aspects -- Periodicals; Agriculture -- Periodicals; 338.105
• DOI: 10.1093/ajae/aax098
• Languages: English
• ISSNs: 0002-9092

Abstract

Abstract: The objective of this case study is to examine the farm management decision of whether to adopt a new, genetically engineered potato variety. We describe the potato supply chain from seed production to final consumer products and explore how price and production risk interact to influence decision making at each link in that chain. We provide extensive supplemental material as well, including a teaching note with assignment and/or discussion questions, an introduction to and application of stakeholder theory, and a tool that assists students in calculating expected and simulated actual returns from their choice of potato variety.