Economic Viability Of Bt-Corn In The U.S
AbstractBt-corn, a genetically engineered insect resistant variety, has been adopted by almost one-quarter of all corn farmers, resulting in economic impacts on both conventional corn growers and Bt-corn growers. we estimate changes in profits for both types of farmers with different levels of seed premiums, yield increases and adoption rates. We find that Bt-corn growers will see their profits decline when the adoption rate and seed premium are high, if they are not offset by higher yields. Conventional corn growers will always experience a decline in profits because the yield increase from Bt-corn causes corn price to fall.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2002 Annual meeting, July 28-31, Long Beach, CA with number 19772.
Date of creation: 2002
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