ECONOMIC VIABILITY OF BT-CORN IN THE U.S

Hong Jin Kim, Kazim Konyar and Keith Sargent

No 19772, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Bt-corn, a genetically engineered insect resistant variety, has been adopted by almost one-quarter of all corn farmers, resulting in economic impacts on both conventional corn growers and Bt-corn growers. we estimate changes in profits for both types of farmers with different levels of seed premiums, yield increases and adoption rates. We find that Bt-corn growers will see their profits decline when the adoption rate and seed premium are high, if they are not offset by higher yields. Conventional corn growers will always experience a decline in profits because the yield increase from Bt-corn causes corn price to fall.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 17
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19772

DOI: 10.22004/ag.econ.19772

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