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    Sewing terror: price dynamics of the strawberry needle crisis

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    Author
    Schaefer, K. Aleks
    Scheitrum, Daniel
    Affiliation
    Univ Arizona, Dept Agr & Resource Econ
    Issue Date
    2020-02-16
    Keywords
    2018 strawberry needle scare
    agro-terrorism
    price analysis
    
    Metadata
    Show full item record
    Publisher
    WILEY
    Citation
    Schaefer, K.A. and Scheitrum, D. (2020), Sewing terror: price dynamics of the strawberry needle crisis. Aust J Agric Resour Econ. doi:10.1111/1467-8489.12366
    Journal
    AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS
    Rights
    © 2020 Australasian Agricultural and Resource Economics Society Inc.
    Collection Information
    This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.
    Abstract
    In September 2018, a former strawberry-picking supervisor for a strawberry farm in New South Wales was arrested for inserting sewing needles in hundreds of punnets of fresh strawberries sold in retail stores across several Australian states. This paper analyses the 2018 Australian strawberry needle scare as a case study on the market impacts of agro-terrorism events. We develop a novel four-step procedure to estimate the effects of the strawberry needle contamination on wholesale fresh strawberry prices. Our results indicate a drop in wholesale fresh strawberries prices of about 20% while the needle crisis was ongoing. However, public and private supply restrictions caused wholesale prices to rise by up to 94% relative to expected dynamics over several weeks in the immediate wake of the incident.
    Note
    12 month embargo; published online: 16 February 2020
    ISSN
    1364-985X
    EISSN
    1467-8489
    DOI
    10.1111/1467-8489.12366
    Version
    Final accepted manuscript
    ae974a485f413a2113503eed53cd6c53
    10.1111/1467-8489.12366
    Scopus Count
    Collections
    UA Faculty Publications

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