LL601 Contamination and Its Impact on U.S. Rice Prices

Li, Yarui; Wailes, Eric J.; McKenzie, Andrew M.; Thomsen, Michael R.

doi:10.1017/s1074070800003278

Cited by 20 publications

(20 citation statements)

References 11 publications

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“…Detailed empirical research has found that product recalls can have a significant negative impact on firms across a range of performance measures, including operational performance (Hendricks & Singhal, 2005), share price Salin & Hooker, 2001;Wang et al, 2002), customer sales (Thomsen et al, 2006), consumer demand (Marsh et al, 2004), market movements (Palma et al, 2010), food prices (Li et al, 2010;, and prices on the futures market (Lusk & Schroeder, 2002). For example, Thomsen et al (2006) found that sales of recalled brands declined, on average, by 22% to 27% during the four to eight week time period after a recall announcement of Listeria.…”

Section: Introductionmentioning

confidence: 99%

Trends in product recalls within the agri-food industry: Empirical evidence from the USA, UK and the Republic of Ireland

Potter

Murray

Lawson

et al. 2012

Trends in Food Science & Technology

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Please cite this article as: Potter, A., Murray, J., Lawson, B., Graham, S., Trends in product recalls within the agri-food industry: Empirical evidence from the USA, UK and the Republic of Ireland, Trends in Food Science & Technology (2012), doi: 10.1016/j.tifs.2012 This is a PDF file of an unedited manuscript that has been accepted for publication. As a service to our customers we are providing this early version of the manuscript. The manuscript will undergo copyediting, typesetting, and review of the resulting proof before it is published in its final form. Please note that during the production process errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain. M A N U S C R I P T A C C E P T E D ACCEPTED MANUSCRIPT Trends in Product Recalls within the Agri-Food Industry: Empirical Evidence from the USA, UK and the Republic of Ireland AbstractThe increasing frequency of product recalls within the agri-food industry has led many to question food safety. Research studies also often focus on biological hazards without considering how past, present and emerging risks change over time. We undertake a systematic review of the different biological, operational and chemical hazards within the agri-food industry using a dataset of 2,070 registered food recalls in the USA, UK and Republic of Ireland between 2004-2010. We show product recalls have become more frequent over time and operational hazards, rather than biological and chemical hazards, are the most frequent recall type within the agrifood industry.

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Section: Introductionmentioning

confidence: 99%

Trends in product recalls within the agri-food industry: Empirical evidence from the USA, UK and the Republic of Ireland

Potter

Murray

Lawson

et al. 2012

Trends in Food Science & Technology

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“…The literature has provided econometric methodologies to estimate adverse GE event-induced price effects that could be tied to declines in farm revenues and income for the nationwide crop sector subject to the contamination. Yet to date, some 34 years after Rubinfeld's (1985) previously mentioned comments, the literature does not provide a methodology to assess how such contamination events negatively influence prices and receipts at the farm-specific plaintiff level (Carter and Smith, 2007;Li et al, 2010).…”

Section: Purposementioning

confidence: 99%

“…Quite simply, when the United States has, on a number of occasions noted subsequently, announced that crop supplies have been contaminated with GM crop varieties or strains that have not been approved for human consumption, world demand for U.S. crops has fallen significantly and led to declines in U.S. farm prices, farm receipts, and farm income. There have been a number of studies that have estimated the U.S. national or "sectorlevel" crop price effects of such contamination events (see, e.g., Carter and Smith, 2007;Li et al, 2010). Yet to date, we have been unable to locate studies that provide a methodology to take such national or sector-level effects and translate them into adverse decreases in farm-specific prices received, cash receipts, and income for use by plaintiffs in litigation that usually follows contamination events.…”

Section: Introductionmentioning

confidence: 99%

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

Capps

Babula

2019

J. Agric. Appl. Econ.

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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 hypothetical farmer received $0.31 less per bushel culminating in $4,807 in lost receipts.

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“…But by that time, rice futures prices had fallen on the Chicago Board of Trade, and growers had entered into futures contracts at lower prices than anticipated (GAO 2008). University of Arkansas economists later confirmed a large and adverse (but shortlived) price drop (Li et al 2010).…”

Section: Libertylink Contaminationmentioning

confidence: 99%

Transgenic rice evaluated for risks to marketability

Mulvaney¹,

Krupnik²,

Koffler³

2011

Cal Ag

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The California Rice Certification Act mandates specific planting and handling protocols for rice varieties, including transgenic rice, that may pose economic risks to California rice growers. Based on a literature review and extensive interviews, we describe this policy's evolution as a system for identity preservation and explain how it shapes the potential commercialization of transgenic rice. Several studies suggest that transgenic rice would be profitable for California growers, but the challenges in assuring 100% identity preservation -especially when access to export markets is at risk -means that the commercial approval of transgenic rice in California is unlikely until there is widespread market acceptance and growers are assured of no sales interruptions.

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LL601 Contamination and Its Impact on U.S. Rice Prices

Cited by 20 publications

References 11 publications

Trends in product recalls within the agri-food industry: Empirical evidence from the USA, UK and the Republic of Ireland

Trends in product recalls within the agri-food industry: Empirical evidence from the USA, UK and the Republic of Ireland

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

Transgenic rice evaluated for risks to marketability

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