Insuring Against Losses from Transgenic Contamination: The Case of Pharmaceutical Maize

David G. Ripplinger, Dermot Hayes (), A. Susana Goggi and Kendall Lamkey

American Journal of Agricultural Economics, 2009, vol. 91, issue 2, pages 322-334

Abstract: Concerns about the risk of food supply contamination have limited the development and commercialization of certain pharmaceutical plants. This article develops an insurance pricing model that helps translate these concerns into a cost-benefit analysis. The model first estimates the physical dispersal of maize pollen subject to a number of weather parameters. This distribution is then validated with the limited amount of currently available field trial data. The physical distribution is then used to calculate the premium for a fair-valued insurance policy that would fund the destruction of possibly contaminated fields. The flexible framework can be readily adapted to other crops, management practices, and regions. Copyright Copyright 2009 Agricultural and Applied Economics Association.

Date: 2009

Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=2009&part=null link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Insuring Against Losses from Transgenic Contamination: The Case of Pharmaceutical Maize (2008)
Working Paper: Insuring Against Losses from Transgenic Contamination: The Case of Pharmaceutical Maize (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:ajagec:v:91:y:2009:i:2:p:322-334

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9092

Access Statistics for this article

American Journal of Agricultural Economics is edited by Peter Berck, Robert J. Myers, Ian M. Sheldon and B. Wade Brorsen

More articles in American Journal of Agricultural Economics from American Agricultural Economics Association
Series data maintained by Christopher F. Baum ().