Economic Impacts Plant Biotechnology In The Northern Plains of Texas

Date

1999

Authors

Segarra, Eduardo
Johnson, Phillip
Middleton, Marty

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Journal of Agricultural and Natural Resources

Abstract

The impacts of expected advances in crop biotechnology in the Northern Plains Regions of Texas are estimated by optimizing the risk/return trade-off for representative farms. Historical yield distributions are used to derive baseline optimal solutions for the representative farms. Expected advances in crop biotechnology are incorporated into the representative farm models using yield distributions from a panel of biological experts. The results indicate that such advances could significantly increase producers' revenues and generally decrease the associated risks.

Description

Keywords

Citation

Middleton, M., P. Johnson, and E. Segarra. "Economic Impacts of Plant Biotechnology in the Northern Plains Region of Texas." Texas Journal of Agriculture & Natural Resources, 12(1999): 62-79.