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bST & Milk: Benefit or Bane?

Author

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  • McGuirk, Anya M.
  • Kaiser, Harry M.

Abstract

Bovine somatotropin (bST), a genetically engineered hormone for dairy cows that could increase milk yields by as much as 10 to 25 percent, is currently in the final phases of the U.S. Food and Drug Administration (FDA) approval process. Anticipating its ultimate approval economists and industry analysts have concentrated their studies on the potential impact of bST on individual farmers, as well as on the dairy industry as a whole-the supply effects. In contrast, demand aspects have been largely ignored. But they shouldn't be because consumer backlash to bST in terms of lower demand could be substantial.

Suggested Citation

  • McGuirk, Anya M. & Kaiser, Harry M., 1991. "bST & Milk: Benefit or Bane?," Choices, Agricultural and Applied Economics Association, vol. 6(1).
  • Handle: RePEc:ags:aaeach:130670
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    File URL: http://purl.umn.edu/130670
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    Cited by:

    1. Jarvis, Lovell S., 2000. "THE POTENTIAL EFFECT OF RECOMBINANT BOVINE SOMATOTROPIN (rbST) ON WORLD DAIRYING," Proceedings:Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26003, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    2. Burton, M. P. & Metcalfe, J. S. & Smith, V. H., 2001. "Innovation and the demand for food and drug labelling regulation in an evolutionary model of industry dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 12(4), pages 457-477, December.
    3. Jura Liaukonyte & Nadia A. Streletskaya & Harry M. Kaiser, 2015. "The Long-Term Impact of Positive and Negative Information on Food Demand," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(4), pages 539-562, December.

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