Ex-Ante Economic Impact Analysis of Novel Traits in Canola

Rohit Singla and Anwar Naseem ()

No 126773, 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil from International Association of Agricultural Economists

Abstract: This study evaluates the potential economic impacts of ten novel traits in canola by employing a stochastic economic surplus model. Nitrogen use efficiency, water use efficiency, flea beetle resistance, cold/freeze tolerance and drought tolerance traits were found to have the largest economic impacts. Major beneficiaries of the surplus benefits are consumers, and Canadian producers and innovators. The magnitudes of economic impacts varied substantially across the three major canola growing provinces in Canada. Net benefits were found sensitive to supply elasticity and time spent in R&D and regulatory approval. The benefits, however, were not very sensitive to alternative probability distribution assumption for adoption rate, and correlation of adoption rate with expected yield change.

Keywords: Crop Production/Industries; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 41
Date: 2012
New Economics Papers: this item is included in nep-agr
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Journal Article: Ex Ante Economic Impact Analysis of Novel Traits in Canola (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae12:126773

DOI: 10.22004/ag.econ.126773

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