Economic Impact Assessment of Technical Knowledge of Transgenic Potato Production Resistant to Potato Willow

Document Type : Research Paper

Authors

• NOORMOHAMMAD ABYAR ¹
• Hasan Rahnama ²

¹ Assistant Professor of Agricultural Economics, GolestanProvince Agricultural and Natural Resources Research and Education Center. AREEO.

² Associate Professor of Agricultural Bioechnology Research Institute of Iran. AREEO.

10.30495/jae.2024.29317.2300

Abstract

Introduction: The present research aims to evaluate the economic effects of the application of the technical knowledge of the production of  transgenic (genetically modified) potatoes resistant to willow pest in the potato fields of ten major potato producing provinces as the potato fields of the whole country.
Materials and Methods: In the present study, the economic surplus analysis was used to evaluate the potential economic benefits of applying the technical knowledge of producing transgenic potato resistant to potato willow pest in the country's potato fields.
Findings: Based on the findings of the research, the internal rate of return (IRR) of the cultivation of transgenic potato seeds resistant to willow pest in the country's potato fields is 97%, the benefit cost ratio is greater than one and equal to 41.4, and the net present value of its benefits is also predicted to be about 497 billion Rials.
Conclusion: The findings show that investing in research projects resulting in this technical knowledge is economically justifiable and its application is expected to increase the economic and social benefits of producers, consumers and food security while reducing yield damage and the cost of potato production.

Keywords

• Economic Impact Assessment
• Biotechnology
• Transgenic Potato
• Benefit Cost Ratio

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