Thursday, March 07, 2013

Internalizing Externalities Related to Herbicide Resistance

An example of a cooperative market based solution to internalizing negative externalities associated with herbicide resistance. (Note: Roundup Ready technology itself is an example of the price system and technological change working to internalize negative externalities associated with soil erosion, pollution, and climate change).

"The two companies, in conjunction with retailers in Eastern Canada, are offering farmers a $1-per-acre rebate when RoundupWeatherMax is purchased with matching acres of Integrity, Eragon, Marksman or Armezon herbicides. These tank-mix partners, when applied together on the same fields, deliver multiple modes of weed-killing action while providing herbicide-resistance management."

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