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Rent creation and distribution from biotechnology innovations: The case of bt cotton and Herbicide-Tolerant soybeans in 1997

Jose B. Falck-Zepeda, Greg Traxler (lecenter99@yahoo.com) and Robert G. Nelson
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Jose B. Falck-Zepeda: Department of Agricultural Economics and Rural Sociology, 204 Comer Hall, Auburn University, Auburn, AL 36849, Postal: Department of Agricultural Economics and Rural Sociology, 204 Comer Hall, Auburn University, Auburn, AL 36849
Robert G. Nelson: Department of Agricultural Economics and Rural Sociology, 204 Comer Hall, Auburn University, Auburn, AL 36849, Postal: Department of Agricultural Economics and Rural Sociology, 204 Comer Hall, Auburn University, Auburn, AL 36849

Authors registered in the RePEc Author Service: José Benjamin Falck Zepeda

Agribusiness, 2000, vol. 16, issue 1, 21-32

Abstract: We examine the distribution of welfare from the second-year planting of Bt cotton in the United States in 1997. We also provide preliminary estimates of the planting of herbicide-tolerant soybeans in 1997. For Bt cotton, total increase in world surplus was $190.1 million and US farmer share of total surplus was 42%. The gene developer, Monsanto, received 35% and the rest of the world 6% of the total world surplus. Delta and Pine Land received 9%, whereas US consumers received 7%. For herbicide-tolerant soybeans, total world surplus was $1,061.7 million. US farmers' surplus was 76%, Monsanto's was 7%, US consumers received 4%, and seed companies captured 3% of total surplus. [Econolit: Q120, D600, O330] © 2000 John Wiley & Sons, Inc.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:16:y:2000:i:1:p:21-32

DOI: 10.1002/(SICI)1520-6297(200024)16:1<21::AID-AGR3>3.0.CO;2-F

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