Economic impacts of adopting GM crops in the United States
This study estimates the total benefit arising from the adoption of agricultural biotechnology in 1997 and its distribution among key stakeholders along the production and marketing chain. The analysis focuses on three biotech crops: herbicide-tolerant soybeans, insect-resistant (Bt) cotton, and her...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Australian Farm Institute
2004
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| Acceso en línea: | https://hdl.handle.net/10568/157665 |
| _version_ | 1855543305710862336 |
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| author | Lin, William Price, Gregory Falck-Zepeda, José B. Fernandez-Cornejo, Jorge |
| author_browse | Falck-Zepeda, José B. Fernandez-Cornejo, Jorge Lin, William Price, Gregory |
| author_facet | Lin, William Price, Gregory Falck-Zepeda, José B. Fernandez-Cornejo, Jorge |
| author_sort | Lin, William |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study estimates the total benefit arising from the adoption of agricultural biotechnology in 1997 and its distribution among key stakeholders along the production and marketing chain. The analysis focuses on three biotech crops: herbicide-tolerant soybeans, insect-resistant (Bt) cotton, and herbicide-tolerant cotton. Adoption of these crops resulted in estimated market benefits of US$212.5-$300.7 million for Bt cotton, US$231.8 million for herbicide-tolerant cotton, and US$307.5 million for herbicide-tolerant soybeans. These benefits accounted for small shares of crop production value, ranging from 2-5%. US farmers captured a much larger share (about a third) of the benefits for Bt cotton than with herbicide-tolerant soybeans (20%) and cotton (4%). Innovators’ share ranged from 30% for Bt cotton to 68% for herbicide-tolerant soybeans. For herbicide-tolerant cotton, US consumers and the rest of the world (including both producers and consumers) received the bulk of the estimated benefits. Estimated benefits and their distribution depend on the specification of the analytical framework, supply and demand elasticity assumptions, the inclusion of market and nonmarket benefits, crops considered, and year-specific factors (such as weather and pest infestation levels)." |
| format | Journal Article |
| id | CGSpace157665 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2004 |
| publishDateRange | 2004 |
| publishDateSort | 2004 |
| publisher | Australian Farm Institute |
| publisherStr | Australian Farm Institute |
| record_format | dspace |
| spelling | CGSpace1576652025-03-17T20:08:52Z Economic impacts of adopting GM crops in the United States Lin, William Price, Gregory Falck-Zepeda, José B. Fernandez-Cornejo, Jorge agricultural technology economic impact biotechnology crops cost benefit analysis soybeans cotton economic analysis This study estimates the total benefit arising from the adoption of agricultural biotechnology in 1997 and its distribution among key stakeholders along the production and marketing chain. The analysis focuses on three biotech crops: herbicide-tolerant soybeans, insect-resistant (Bt) cotton, and herbicide-tolerant cotton. Adoption of these crops resulted in estimated market benefits of US$212.5-$300.7 million for Bt cotton, US$231.8 million for herbicide-tolerant cotton, and US$307.5 million for herbicide-tolerant soybeans. These benefits accounted for small shares of crop production value, ranging from 2-5%. US farmers captured a much larger share (about a third) of the benefits for Bt cotton than with herbicide-tolerant soybeans (20%) and cotton (4%). Innovators’ share ranged from 30% for Bt cotton to 68% for herbicide-tolerant soybeans. For herbicide-tolerant cotton, US consumers and the rest of the world (including both producers and consumers) received the bulk of the estimated benefits. Estimated benefits and their distribution depend on the specification of the analytical framework, supply and demand elasticity assumptions, the inclusion of market and nonmarket benefits, crops considered, and year-specific factors (such as weather and pest infestation levels)." 2004 2024-10-24T12:51:16Z 2024-10-24T12:51:16Z Journal Article https://hdl.handle.net/10568/157665 en Limited Access Australian Farm Institute Lin, William; Price, Gregory; Falck-Zepeda, José Benjamin; Fernandez-Cornejo, Jorge. 2004. Economic impacts of adopting GM crops in the United States. Farm Policy Journal 1(2): 50-64. |
| spellingShingle | agricultural technology economic impact biotechnology crops cost benefit analysis soybeans cotton economic analysis Lin, William Price, Gregory Falck-Zepeda, José B. Fernandez-Cornejo, Jorge Economic impacts of adopting GM crops in the United States |
| title | Economic impacts of adopting GM crops in the United States |
| title_full | Economic impacts of adopting GM crops in the United States |
| title_fullStr | Economic impacts of adopting GM crops in the United States |
| title_full_unstemmed | Economic impacts of adopting GM crops in the United States |
| title_short | Economic impacts of adopting GM crops in the United States |
| title_sort | economic impacts of adopting gm crops in the united states |
| topic | agricultural technology economic impact biotechnology crops cost benefit analysis soybeans cotton economic analysis |
| url | https://hdl.handle.net/10568/157665 |
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