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

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  • 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), pages 1-16.
    • Handle: RePEc:ags:jloagb:14654
    DOI: 10.22004/ag.econ.14654
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    File URL: https://ageconsearch.umn.edu/record/14654/files/20010051.pdf
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    References listed on IDEAS

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    1. Feldmann, Matthew P. & Morris, Michael L. & Hoisington, David, 2000. "Genetically Modified Organisms: Why All The Controversy?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 15(1), pages 1-5.
    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), pages 1-17.
    3. Taylor, Michael & Tick, Jody, 2001. "The StarLink Case: Issues for the Future," RFF Working Paper Series dp-rpt-starlink, Resources for the Future.
    4. McCluskey, Jill J., 2000. "This Product May Contain GMOs," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 15(2), pages 1-4.
    5. 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.
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    Cited by:

    1. 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).
    2. 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.
    3. 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: Updated Version," Economics Staff Papers 168202, South Dakota State University, Department of Economics.

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