Strategic Adoption of Genetically Modified Crops in Lebanon: A Comprehensive Cost–Benefit Analysis and Implementation Framework

Richard J. Roberts and Viviane Naimy ()
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Richard J. Roberts: New England Biolabs, Ipswich, MA 01938, USA
Viviane Naimy: Department of Accounting and Finance, Faculty of Business Administration and Economics, Notre Dame University–Louaize, Zouk Mosbeh P.O. Box 72, Lebanon

Sustainability, 2024, vol. 16, issue 19, 1-16

Abstract: This paper investigates the economic feasibility and benefits of introducing genetically modified (GM) crops into Lebanon’s agricultural sector. The methodology combines a rigorous cost–benefit analysis with qualitative insights from local farmers and agricultural scientists to ensure relevance to Lebanon’s unique agricultural context. Through this study, we identified tomatoes and potatoes as the most suitable crops for GM implementation. The findings indicate that GM tomatoes could increase net income by USD 10,000 per hectare in the short term and USD 50,000 over five years. These economic benefits are primarily driven by higher yields and reduced pesticide costs. This study emphasizes the necessity of a holistic approach, including financial support, infrastructure development, farmer education, and robust market access strategies, to maximize the potential of GM crops. This research provides a strategic framework for leveraging GM technology to address Lebanon’s agricultural challenges, promoting sustainable practices, enhancing food security, and ensuring long-term economic stability. By integrating local context and stakeholder perspectives, this paper offers a unique and actionable pathway for successful GM crop implementation in Lebanon.

Keywords: genetically modified crops; agricultural economics; cost–benefit analysis; Lebanon agriculture; sustainable agriculture; tomatoes and potatoes; agricultural policy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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