Banana is a staple crop in Uganda. Ugandans have the highest per capita consumption of cooking bananas in the world (Clarke 2003). However, banana production in Uganda is limited by several productivity con¬straints, such as insects, diseases, soil depletion, and poor agronomic practices. To...

"A vast literature has accumulated since crop varieties with transgenic resistance to insects and herbicide tolerance were released to farmers in 1996 and 1997. A comparatively minor segment of this literature consists of studies conducted by agricultural economists to measure the farm-level...

"As progressively more farmers in developing countries begin using biotech crops, careful evaluation of such crops' benefits becomes ever more important. This food policy review examines the applied economics literature regarding the impact of biotech crops on non-industrialized agriculture and...

"La biotecnología agropecuaria ha demostrado tener amplio potencial para ayudar a mejorar la eficiencia de la agricultura, el crecimiento económico y las políticas dirigidas a combatir a la pobreza, tanto en América Latina como en el resto del mundo. La amplia y creciente difusión de...

"Local farming communities throughout the world face binding productivity constraints, diverse nutritional needs, environmental concerns, and significant economic and financial pressures. Developing countries address these challenges in different ways, including public and private sector...

In this paper the option value of waiting under scientific uncertainty will be derived using the difference between the geometric Brownian motion and the mean reverting process by applying contingent claim analysis. The results will be compared with those generated by either using a geometric...

In this paper the option value of waiting under scientific uncertainty will be derived using the difference between the geometric Brownian motion and the mean reverting process by applying contingent claim analysis. The results will be compared with those generated by either using a geometric...

The decision to release a new transgenic crop variety for planting in the European Union (EU) is a decision under irreversibility and uncertainty. We use a real option model to assess the ex-ante incremental benefits and costs of the decision to release Bt maize and HT maize in the EU-15 member...