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Agricultural Biotechnology: Farm-Level, Market, And Policy Considerations

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  • Van der Sluis, Evert
  • Diersen, Matthew A.
  • Dobbs, Thomas L.
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    Abstract

    This study provides an overview of the economic costs, benefits, and risks involved with agricultural biotechnology at the farm level, at the market level, and for the farm and food system as a whole. Both advantages and disadvantages of agricultural biotechnology are discussed. Among the drivers of U.S. domestic and international consumer demand for transgenic crop products discussed are environmental and food safety concerns. A comparison is made between a "science-based" regulatory framework and a policy based on the precautionary principle. The authors argue that open dialogue is needed for achieving improved public understanding of agricultural biotechnology, and that analyses need to go beyond discussing the scientific merits of biotechnology, to include social scientists, as well as the public at large.

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    File URL: http://purl.umn.edu/14654
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    Bibliographic Info

    Article provided by Agricultural Economics Association of Georgia in its journal Journal of Agribusiness.

    Volume (Year): 20 (2002)
    Issue (Month): 1 ()
    Pages:

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    Handle: RePEc:ags:jloagb:14654

    Contact details of provider:
    Postal: 301 Conner Hall, University of Georgia, Athens, GA 30602-7509
    Web page: http://www.agecon.uga.edu/~jab/
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    Related research

    Keywords: acceptance; agricultural biotechnology; benefits; costs; public dialogue; risks; Research and Development/Tech Change/Emerging Technologies;

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    1. Feldmann, Matthew P. & Morris, Michael L. & Hoisington, David, 2000. "Genetically Modified Organisms: Why All The Controversy?," Choices, Agricultural and Applied Economics Association, vol. 15(1).
    2. Makki, Shiva S. & Somwaru, Agapi & Harwood, Joy L., 2001. "Biotechnology In Agriculture: Implications For Farm-Level Risk Management," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 19(1).
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    Cited by:
    1. Volpe, Richard J., III, 2006. "Exploring the Potential Effects of Organic Production on Contracting in American Agribusiness," 2006 Annual meeting, July 23-26, Long Beach, CA 21086, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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