The economics of commercializing new industrial crops

Paul N. Wilson; James C. Wade; Julie P. Leones

doi:10.1002/1520-6297(199501/02)11:1<45::AID-AGR2720110106>3.0.CO;2-H

The economics of commercializing new industrial crops

Paul N. Wilson, James C. Wade, Julie P. Leones

Agricultural and Resource Economics

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

New industrial crops are promoted as enterprises that will raise farm sector income, provide economic development activities for rural areas, and provide products that will substitute for imports from other nations. A conceptual model, based on the principles of strategic management, is developed for analyzing the economics of commercializing industrial crops. The model is applied to the oil derived from Lesquerella, a possible substitute for castor oil which is used in lubricants, cosmetics, and waxes. Botanical and chemical entrepreneurship are emphasized as key factors in the successful commercialization of new industrial crops. © 1995 by John Wiley & Sons, Inc.

Original language	English (US)
Pages (from-to)	45-55
Number of pages	11
Journal	Agribusiness
Volume	11
Issue number	1
DOIs	https://doi.org/10.1002/1520-6297(199501/02)11:1<45::AID-AGR2720110106>3.0.CO;2-H
State	Published - 1995

ASJC Scopus subject areas

Food Science
Geography, Planning and Development
Animal Science and Zoology
Agronomy and Crop Science
Economics and Econometrics

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10.1002/1520-6297(199501/02)11:1<45::AID-AGR2720110106>3.0.CO;2-H

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AB - New industrial crops are promoted as enterprises that will raise farm sector income, provide economic development activities for rural areas, and provide products that will substitute for imports from other nations. A conceptual model, based on the principles of strategic management, is developed for analyzing the economics of commercializing industrial crops. The model is applied to the oil derived from Lesquerella, a possible substitute for castor oil which is used in lubricants, cosmetics, and waxes. Botanical and chemical entrepreneurship are emphasized as key factors in the successful commercialization of new industrial crops. © 1995 by John Wiley & Sons, Inc.

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The economics of commercializing new industrial crops

Abstract

ASJC Scopus subject areas

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