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

Published online by Cambridge University Press:  26 January 2015

Yarui Li ,
Eric J. Wailes ,
Andrew McKenzie  and
Michael Thomsen
Yarui Li
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas
Eric J. Wailes
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas
Andrew McKenzie
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas
Michael Thomsen
Affiliation:
Department of Agricultural Economics and Agribusiness, University of Arkansas
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Abstract

LL601 is a genetically modified rice variety and unapproved for commercial use. Its presence was found in commercial shipments of U.S. rice in 2006. This article explores its impact on prices and volume marketed for both the United States and Thailand, the major export competitor. The results show a significantly adverse but short duration effect on the U.S. rice market and little to no effect on the Thai rice market.

Keywords

cointegrationerror correction modelevent study analysisGM contaminationLiberty Link Rice 601U.S. rice exportsC10C32Q11A52
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 42 , Issue 1 , February 2010 , pp. 31 - 38
Copyright
Copyright © Southern Agricultural Economics Association 2010

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