Price and Welfare Effects of the Food Safety Modernization Act Produce Safety Rule

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dc.contributor.authorFerrier, Peyton M.en
dc.contributor.authorZhen, Chenen
dc.contributor.authorBovay, Johnen
dc.coverage.countryUnited Statesen
dc.date.accessioned2023-01-04T18:35:42Zen
dc.date.available2023-01-04T18:35:42Zen
dc.date.issued2023-01en
dc.date.updated2023-01-03T19:48:02Zen
dc.description.abstractWe estimate the cost of compliance with the US Food Safety Modernization Act (FSMA) Produce Safety Rule by commodity and own- and cross-prices elasticities of demand for 18 fruits and 20 vegetables. These are used as inputs in an equilibrium displacement model that simulates the price and welfare effects of the rule. We find that consumer and farm prices increase by 0.55% and 1.69% for fruits and 0.15% and 0.59% for vegetables. Costs associated with implementation are estimated to reduce producer welfare by 0.63% for fruits and 0.51% for vegetables (as a share of revenue). If the rule’s provisions were enacted unilaterally by growers of individual commodities, producer welfare losses would be 0.93% of total revenue for fruits and 0.31% for vegetables.en
dc.description.versionPublished versionen
dc.format.extentPages 82–102en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.22004/ag.econ.316755en
dc.identifier.eissn2327-8285en
dc.identifier.issn1068-5502en
dc.identifier.issue1en
dc.identifier.orcidBovay, John [0000-0002-7342-1602]en
dc.identifier.urihttp://hdl.handle.net/10919/113029en
dc.identifier.volume48en
dc.language.isoenen
dc.rightsCreative Commons Attribution-NonCommercial 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/en
dc.subjectFood Safety Modernization Acten
dc.subjectFruitsen
dc.subjectVegetablesen
dc.subjectProducer welfareen
dc.subjectFood safetyen
dc.subjectGovernment regulationen
dc.titlePrice and Welfare Effects of the Food Safety Modernization Act Produce Safety Ruleen
dc.title.serialJournal of Agricultural and Resource Economicsen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dcterms.dateAccepted2021-11-11en
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Agriculture & Life Sciencesen
pubs.organisational-group/Virginia Tech/Agriculture & Life Sciences/Agricultural & Applied Economicsen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Agriculture & Life Sciences/CALS T&R Facultyen

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