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Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: An Empirical Analysis of Revealed Value Estimates

Olha Sydorovych and Michele Marra

No 8215, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: A revealed-preference approach is proposed for the evaluation of the impact of changed patterns of herbicide use on RR soybeans. The results indicate that farmers consider herbicide safety in their herbicide choices and associate positive values with safety improvements. The aggregate welfare impact of reduced risk for the U.S. soybean farmers was estimated to be $90.3 million in 2001.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 21
Date: 2008
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:8215

DOI: 10.22004/ag.econ.8215

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