Property Rights and Incentives to Invest in Seed Varieties: Governmental Regulations in Argentina

AgBioForum, Vol. 8, No. 2 & 3, pp. 118-126, 2005

U Illinois Law & Economics Research Paper No. LE05-026

9 Pages Posted: 29 Sep 2005  

Jay P. Kesan

University of Illinois College of Law

Andres A. Gallo

University of North Florida

Abstract

This paper analyzes the evolution of property rights legislation in Argentina with respect to new seed varieties. In comparison to the United States, Argentina has weak protection and enforcement of property rights for new seeds. These weak property rights affect the registration and commercialization of new soybean seeds. We show how private producers of seeds react to differences in property rights between Argentina and the United States and also between corn and soybeans. As we show, investment efforts will concentrate on those crops with more secure property rights at the expense of the markets in which property rights are less secure. This effect has important consequences for a developing market producing in a global market.

Keywords: Argentina, agricultural biotechnology, market regulation, property rights, seed markets

Suggested Citation

Kesan, Jay P. and Gallo, Andres A., Property Rights and Incentives to Invest in Seed Varieties: Governmental Regulations in Argentina. AgBioForum, Vol. 8, No. 2 & 3, pp. 118-126, 2005; U Illinois Law & Economics Research Paper No. LE05-026. Available at SSRN: https://ssrn.com/abstract=808524

Jay P. Kesan (Contact Author)

University of Illinois College of Law ( email )

504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
217-333-7887 (Phone)
217-244-1478 (Fax)

HOME PAGE: http://www.jaykesan.com

Andres Gallo

University of North Florida ( email )

Department of Economics and Geography
1 UNF Drive
Jacksonville, FL 32224-2675
United States
904-620-1694 (Phone)
904-620-1300 (Fax)

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