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Agricultural Biotechnology: Farm-Level, Market, And Policy Considerations

Author

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

Abstract

This study provides an overview of the 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 U.S. domestic and international consumer demand for transgenic crop products discussed 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 understanding 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., 2002. "Agricultural Biotechnology: Farm-Level, Market, And Policy Considerations," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 20(1).
  • Handle: RePEc:ags:jloagb:14654
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    File URL: http://purl.umn.edu/14654
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    References listed on IDEAS

    as
    1. Feldmann, Matthew P. & Morris, Michael L. & Hoisington, David, 2000. "Genetically Modified Organisms: Why All The Controversy?," Choices, Agricultural and Applied Economics Association, vol. 15(1).
    2. Makki, Shiva S. & Somwaru, Agapi & Harwood, Joy L., 2001. "Biotechnology In Agriculture: Implications For Farm-Level Risk Management," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 19(1).
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    Cited by:

    1. Fausti, Scott W. & Van der Sluis, Evert & Qasmi, Bashir A. & Lundgren, Jonathan, 2014. "The Effect of Biotechnology and Biofuels on U.S. Corn Belt Cropping Systems," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162468, Southern Agricultural Economics Association.
    2. Volpe, Richard J., III, 2006. "Exploring the Potential Effects of Organic Production on Contracting in American Agribusiness," 2006 Annual meeting, July 23-26, Long Beach, CA 21086, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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