PRODUCTION DECISIONS WITH UNCERTAIN MARKETS: THE CASE OF BT CORN
Terrance Hurley () and
No 21801, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
The effect of marketing uncertainty due to consumer opposition over genetically modified (GM) grain is modeled in the context of a producer's decision to plant GM. The model shows that a tendency to plant less GM acreage and obtain premium prices for Non-GM grain is tempered by increased price risk.
Keywords: Crop; Production/Industries (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21801
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