Using Crop Genetic Resources To Help Agriculture Adapt to Climate Change: Economics and Policy

Paul Heisey and Kelly Day-Rubenstein

No 202351, Economic Information Bulletin from United States Department of Agriculture, Economic Research Service

Abstract: Climate change poses significant risks to future crop productivity as temperatures rise, rainfall patterns become more variable, and pest and disease pressures increase. The use of crop genetic resources to develop varieties more tolerant to rapidly changing environmental conditions will be an important part of agricultural adaptation to climate change. Finding new genetic traits that can facilitate adaptation—and incorporating them into commercially successful varieties—is time-consuming, expensive, and technically difficult. The public-goods characteristics of genetic resources can create obstacles to rewards for private research and development. Because of insufficient private incentives, public-sector investment in the use of genetic resources will help determine the agricultural sector’s ability to maintain crop productivity, and for society as a whole, the potential benefits of public investment are large. The study authors find, however, that factors such as intellectual property rules for genetic resources and for research tools, or international agreements governing genetic resource exchange, have the potential both to promote and to hamper greater use of genetic resources for climate change adaptation.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 29
Date: 2015-04
New Economics Papers: this item is included in nep-agr and nep-env
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersib:202351

DOI: 10.22004/ag.econ.202351

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