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The Effects Of Biotechnology On Productivity And Input Demands In U.S. Agriculture

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  • CHAVAS, JEAN-PAUL
  • SHI, GUANMING
  • NEHRING, RICHARD
  • STIEGERT, KYLE

Abstract

U.S. agriculture has seen a rapid adoption of biotechnology over the last two decades. This study investigates how biotechnology has affected U.S. farm input demand and agricultural productivity. The analysis relies on data at the national level and at the state level for selected states in the Corn Belt. It evaluates the rate of technological change and price elasticities of demand for agricultural inputs over time. The study documents the evolving biases in technological change in agriculture. It finds evidence that farm input demands have become more price inelastic.

Suggested Citation

  • Chavas, Jean-Paul & Shi, Guanming & Nehring, Richard & Stiegert, Kyle, 2018. "The Effects Of Biotechnology On Productivity And Input Demands In U.S. Agriculture," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 50(3), pages 387-407, August.
    • Handle: RePEc:cup:jagaec:v:50:y:2018:i:03:p:387-407_00
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    Cited by:

    1. Lee, Yunkyung, 2020. "Potential economic consequences of gene-edited technology on the U.S. soybean market," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304241, Agricultural and Applied Economics Association.
    2. Lee, Yunkyung, 2021. "Potential market and welfare effects of genetically edited technology in U.S. soybean production," 2021 Annual Meeting, August 1-3, Austin, Texas 314058, Agricultural and Applied Economics Association.
    3. Lee, Yunkyung & Perrin, Richard K. & Fulginiti, Lilyan E., 2022. "Potential Economic Impacts of Gene-edited High-oleic Soybeans," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322392, Agricultural and Applied Economics Association.
    4. Sansi Yang & C. Richard Shumway, 2020. "Knowledge accumulation in US agriculture: research and learning by doing," Journal of Productivity Analysis, Springer, vol. 54(2), pages 87-105, December.
    5. Jean-Paul Chavas & Guanming Shi & Kyle Stiegert, 2020. "Pricing and Industry Structure when Demand Elasticity Changes," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(4), pages 891-907, December.

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