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Genetic Engineering and Risk in Varietal Selection of Potatoes
Author(s) -
Fuller Kate Binzen,
Brester Gary W,
Boland Michael A
Publication year - 2018
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1093/ajae/aax098
Subject(s) - variety (cybernetics) , production (economics) , selection (genetic algorithm) , supply chain , stakeholder , business , marketing , economics , computer science , microbiology and biotechnology , risk analysis (engineering) , agricultural science , microeconomics , biology , artificial intelligence , management
The objective of this case study is to examine the farm management decision of whether to adopt a new, genetically engineered potato variety. We describe the potato supply chain from seed production to final consumer products and explore how price and production risk interact to influence decision making at each link in that chain. We provide extensive supplemental material as well, including a teaching note with assignment and/or discussion questions, an introduction to and application of stakeholder theory, and a tool that assists students in calculating expected and simulated actual returns from their choice of potato variety.