A Hedonic Model of Corn Seed Prices

Jorge Fernandez-Cornejo and Karen Valle

No 169667, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: A notable feature of the adoption of genetically engineered (GE) corn is the rapid growth in seed prices accompanied by rapid increases in GE corn with multiple (stacked) traits, which have often seen to offer several advantages to farmers, particularly increased yields. This paper presents preliminary empirical results on the estimation of the pricing of seed traits for corn using 2010 data. The hedonic approach used entails expressing the price of seed as a function of their “quality characteristics.” The quality characteristics considered in our hedonic function are three insect resistance traits (Bt to control the European corn borer, corn rootworm, and corn earworm), GE herbicide tolerance traits (glyphosate, glufosinate), and non-GE herbicide tolerance traits (IMI-corn). The conventional seed was considered as the base.

Keywords: Crop Production/Industries; Farm Management; Production Economics (search for similar items in EconPapers)
Pages: 20
Date: 2014
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:169667

DOI: 10.22004/ag.econ.169667

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