A Methodology to Empirically Assess National and Farm-Specific Damages from Contamination of Grain Supply by a Genetically Engineered Strain

Oral Capps and Ronald A. Babula
Authors registered in the RePEc Author Service: Oral Capps, Jr. and ORAL CAPPS Jr.

Journal of Agricultural and Applied Economics, 2019, vol. 51, issue 3, 495-510

Abstract: On May 29, 2013, the U.S. government announced that contamination of non–genetically engineered wheat supplies occurred. We provide a methodology to empirically assess the impacts of this contamination event on national prices and on farm-specific prices and receipts for spring red hard wheat. Results suggest that U.S. spring red hard wheat farmers in the aggregate had lost receipts ranging from $32.77 million to $131.06 million and incurred a drop of 3.83% in wheat price equivalent to $0.27 per bushel. At the farm level, a hypothetical farmer received $0.31 less per bushel culminating in $4,807 in lost receipts.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:51:y:2019:i:03:p:495-510_00

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