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Selected Economic Implicatoins And Policy Aspects Of Agricultural Biotechnology

Author

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

Abstract

The paper provides an overview of the types of 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 the U.S. domestic and international consumer demand for transgenic crop products discussed in the paper 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 nderstanding 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.

Suggested Citation

  • Van der Sluis, Evert & Diersen, Matthew A. & Dobbs, Thomas L., 2001. "Selected Economic Implicatoins And Policy Aspects Of Agricultural Biotechnology," Economics Staff Papers 32018, South Dakota State University, Department of Economics.
    • Handle: RePEc:ags:sdsusp:32018
    DOI: 10.22004/ag.econ.32018
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    File URL: https://ageconsearch.umn.edu/record/32018/files/sp01-06.pdf
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    Cited by:

    1. Colyer, Dale, 2004. "Environmental Provisions in Trade Agreements," Conference Papers 19103, West Virginia University, Department of Agricultural Resource Economics.

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