Farmers now choose production systems rather than individual inputs. This change may limit biotechnology innovation rents. We model a corn farmer's production choice among four systems: traditional, herbicide-resistant, insect resistant, and high-oil. We compare actual seed and chemical prices to the maximum rent the biotechnology firm can obtain.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number
21646.
Length: Date of creation: 1999 Date of revision: Handle: RePEc:ags:aaea99:21646
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