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Agricultural Biotechnology: An Economic Perspective

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  • Caswell, Margriet F.
  • Fuglie, Keith O.
  • Klotz, Cassandra A.

Abstract

The development of agricultural biotechnology offers the opportunity to increase crop production, lower farming costs, improve food quality and safety, and enhance environmental quality. This report describes the economic, scientific, and social factors that will influence the future of biotechnology in agriculture. The supply of biotechnology innovations and products will be affected by public policies and by expectations of producer and consumer demand for the products. The demand for biotechnology by farmers and food processors is derived from the expected profitability of using the technology as an input to production. Ultimately, the use of biotechnology in the farm sector will depend on consumer demand for the biotechnology-derived agricultural product.

Suggested Citation

  • Caswell, Margriet F. & Fuglie, Keith O. & Klotz, Cassandra A., 1994. "Agricultural Biotechnology: An Economic Perspective," Agricultural Economic Reports 262025, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:262025
    DOI: 10.22004/ag.econ.262025
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    Cited by:

    1. Dobson, William D., 1996. "The Bst Case," Staff Papers 12597, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    2. Zdenko Stefanides & Loren W. Tauer, 1999. "The Empirical Impact of Bovine Somatotropin on a Group of New York Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 95-102.
    3. Jae-Hwan Han & R. Wes Harrison, 2007. "Factors Influencing Urban Consumers' Acceptance of Genetically Modified Foods," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(4), pages 700-719.
    4. Corinne Alexander & Rachael E. Goodhue, 2002. "The pricing of innovations: An application to specialized corn traits," Agribusiness, John Wiley & Sons, Ltd., vol. 18(3), pages 333-348.
    5. Anwar Naseem & David J. Spielman & Steven Were Omamo, 2010. "Private-sector investment in R&D: a review of policy options to promote its growth in developing-country agriculture," Agribusiness, John Wiley & Sons, Ltd., vol. 26(1), pages 143-173.
    6. Padgitt, Merritt & Newton, Doris & Penn, Renata & Sandretto, Carmen, 2000. "Production Practices for Major Crops in U.S. Agriculture, 1990-97," Statistical Bulletin 262287, United States Department of Agriculture, Economic Research Service.
    7. Luo, Wen & Mineo, Keito & Matsushita, Koji & Kanzaki, Mamoru, 2018. "Consumer willingness to pay for modern wooden structures: A comparison between China and Japan," Forest Policy and Economics, Elsevier, vol. 91(C), pages 84-93.
    8. Johnson, D. Demcey, 2002. "Issues And Trends In The U.S. Field Crop Sector," Proceedings of the 7th Agricultural and Food Policy Systems Information Workshop, 2001: Structural Change as a Source of Trade Disputes Under NAFTA 16876, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    9. William D. Dobson, 1996. "The BST Case," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 397, Wisconsin-Madison Agricultural and Applied Economics Department.
    10. Kazmierczak, Richard F., Jr. & Paxton, Kenneth W., 1997. "Technical Change And New Directions For Cotton Production," Station Bulletins 31683, Louisiana State University, Department of Agricultural Economics and Agribusiness.
    11. Aldrich, Lorna M. & Blisard, Noel, 1998. "Consumer Acceptance of Biotechnology: Lessons From the rbST Experience," Agricultural Information Bulletins 33663, United States Department of Agriculture, Economic Research Service.
    12. W. Lesser & John Bernard & Kaafee Billah, 1999. "Methodologies for ex ante projections of adoption rates for agbiotech products: Lessons learned from rBST," Agribusiness, John Wiley & Sons, Ltd., vol. 15(2), pages 149-162.
    13. William DOBSON, 1996. "The Bst Case," Staff Papers 397, University of Wisconsin Madison, AAE.
    14. William D. McBride & Sara Short & Hisham El-Osta, 2004. "The Adoption and Impact of Bovine Somatotropin on U.S. Dairy Farms," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(4), pages 472-488.
    15. Kolady, Deepthi & Spielman, David J. & Cavalieri, Anthony J., 2010. "Intellectual property rights, private investment in research, and productivity growth in Indian agriculture: A review of evidence and options," IFPRI discussion papers 1031, International Food Policy Research Institute (IFPRI).
    16. Han, Jae-Hwan & Harrison, R. Wes, 2004. "A Multinomial Logit Model Of Consumer Perceptions For Biotech Food Labeling," 2004 Annual meeting, August 1-4, Denver, CO 20157, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. Van der Sluis, Evert & Diersen, Matthew A. & Dobbs, Thomas L., 2002. "Agricultural Biotechnology: Farm-Level, Market, And Policy Considerations," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 20(1), pages 1-16.
    18. McBride, William D. & Short, Sara D. & El-Osta, Hisham S., 2002. "Production And Financial Impacts Of The Adoption Of Bovine Somatotropin On U.S. Dairy Farms," 2002 Annual meeting, July 28-31, Long Beach, CA 19908, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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