A Methodology to Empirically Assess National and Farm-Specific Damages from Contamination of Grain Supply by a Genetically Engineered Strain release_rjs27osz7nef5pxnf3lxtjbsfe

Abstract

<jats:title>Abstract</jats:title>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 <jats:italic>hypothetical</jats:italic> farmer received $0.31 less per bushel culminating in $4,807 in lost receipts.
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