Economic Analysis Shows How ISU Soybean Trials Generate Value for Farmers
June 25th, 2020
AMES, Iowa – Field trials led by Iowa State University scientists saved farmers and seed companies millions of dollars by helping them select soybean varieties resistant to a major pest, according to a new economic analysis.
The analysis was led by GianCarlo Moschini, Pioneer Chair in Science and Technology Policy in the ISU Department of Economics. The report found the Iowa State University SCN-Resistant Soybean Variety Trials have created a surplus of about $140 million in Iowa and Illinois between 2011 and 2016. The analysis estimates that farmers captured roughly a third of that surplus while seed companies held the rest.