A number of new crops have been developed that address important traits of particular relevance for smallholder farmers in Africa. Scientists, policy makers, and other stakeholders have raised concerns that the approval process for these new crops causes delays that are often scientifically unjustified. This article develops a real option model for the optimal regulation of a risky technology that enhances economic welfare and reduces malnutrition. We consider gradual adoption of the technology and show that delaying approval reduces uncertainty about perceived risks of the technology.
The present study involves an extensive stocktaking exercise of the types of innovations that have emerged globally and in India in particular, and their increasing impact on the agricultural sector. The stocktaking exercise is based not only on peer-reviewed research from the academic fields, but also draws on recent corporate studies.
Impacts of elevated temperature and carbon dioxide (CO2) enrichment on rice were assessed by carrying out an experiment with four dates of planting (1 June and 15 June, 1 and 15 July) during 2014 under two different environmental conditions, viz. ambient and modified (climate control chamber) with +4C compared to the ambient temperature and CO2 enrichment of 650 ppm.