justus wesseler, wageningen university - prri · 7/3/2020 · powerpoint-presentatie author:...
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Economic impact Assessment of the F2F
strategy
Justus Wesseler, Wageningen University
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Farm2Fork
▪ EU “Green Deal”
▪ SDGs
▪ Climate Change
▪ Sustainability
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Spaceship Earth: The Carbon Cycle
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Source: https://www.nasa.gov/centers/langley/news/researchernews/rn_carboncycle.html
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Five major developments: “Clean Meat”
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▪ Animal Welfare
▪ Environmental Friendly (?)
▪ Disruptive, but when?
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Five major developments: Meat Substitutes
▪ Taste
▪ Environment
▪ Animal Welfare
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Five major developments: Insects
▪ Recycling of waste
▪ Low energy
▪ Alternative protein source
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Source: Akhtar and Isman (2018).
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Five major developments: Aquaculture
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▪ Salt
▪ Coastal Protection
▪ Food Safety
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Five major developments: Vertical Farming
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▪ LED - Lightning
▪ Less pollution
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New Opportunities for Agriculture?
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Advances in biological sciences
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Current and expected integration across biotechnology application (size of arrows
indicate quantities)
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Regulatory Implications: Model
▪ Four phases: R&D, Approval, Marketing, Ex-post Liability
▪ Effect of Regulation on Immediate Investment
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R & D (R) Approval (A) Marketing (B) Ex-post Liability ()
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Purnhagen and Wesseler (2019).
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Policy Environment Important !
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Hurd
le R
ate
Expected Length of R&D in Years
Ratio of Benefits over Investment Costs (Hurdle Rate) Justifying Immediate
Investment in Gene Editing Technologies
Hurdle Rate Hurdle Rate Zero Approval Costs
▪ Example: NPBTs
▪ CJEU decision
Purnhagen and Wesseler (2019).
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Challenges
▪ Timing: research & innovation
▪ Monitoring: linking biomass and economic flows
▪ Business models/Supply Chains
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Summary
▪ F2F not new, but more important -> mind set!
▪ Economic factors important for impact -> opportunity costs!
▪ Agriculture: changes and new opportunities -> new supply chains
▪ Policy: R&D, regulation
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Many thanks for
your attention!
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Resources
▪ European Commission (2020) Farm to Fork Strategy. European Union: https://ec.europa.eu/food/sites/food/files/safety/docs/f2f_action-plan_2020_strategy-info_en.pdf
▪ Wesseler, Justus (2015) Agriculture in the Bioeconomy -Economics and Policies. The Netherlands: Wageningen University.
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