University of Chicago economist says even more losses would come when sorghum, sugar cane and other crops are considered
(PRWEB) July 7, 2010 -- Banning the agricultural herbicide atrazine would cost between 21,000 and 48,000 jobs from corn production losses alone, according to University of Chicago economist Don L. Coursey, Ph.D.
Dr. Coursey announced his findings at a briefing sponsored by the Triazine Network today at the National Press Club in Washington.
Coursey estimates atrazine’s annual production value to corn alone to be between $2.3 billion and $5 billion. Atrazine’s additional value to sorghum, sugar cane and other uses increases these totals.
“The economic data on atrazine are very clear. As a first-order estimate, banning atrazine will erase between 21,000 and 48,000 jobs related to or dependant on corn production, with additional job losses coming from both sugar cane and sorghum production losses,” Coursey said.
“The range is wide because we have never before banned a product on which so many depend and for which suitable replacements have a wide variety of prices and application regimes.”
“If all of that job loss were concentrated in the agricultural sector, its unemployment would grow by as much as 2.6 percent. Replacement costs for corn farmers could reach as high as $58 per acre,” Coursey said.
Atrazine has been a mainstay of corn, sorghum and sugar cane production for 50 years. The second most-used herbicide in the U.S., it controls a broad range of yield-robbing weeds, is safe for the crop and suppor
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