Evaluating the Production and Price Impacts of Biotechnology Application in Crop Markets

Graham Brookes, Tun-hsiang Yu, Simla Tokgoz and Amani Elobeid

No 61164, 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado from Agricultural and Applied Economics Association

Abstract: Biotechnology crop traits have been applied on a widespread commercial global basis since 1996, making it the most rapidly adopted crop technology in agriculture. The primary biotechnologies used have included technology delivering herbicide tolerance and insect resistance for crops, such as corn, soybeans, cotton, and canola. This technology has provided farmers with productivity improvements through a combination of yield improvements and cost reductions. Thus, this technology has had an impact on prices of cereals and oilseeds (and their derivatives) both in countries where biotech traits were applied and in the global market. Realizing the surging significance of biotechnology application in global crop markets, this study first summarizes the productivity impacts of biotech crops on production; secondly, aims to quantify the impact of the use of biotech traits on production, utilization and prices of corn, soybeans, and canola as well as other crops where the biotechnology is not utilized.

Keywords: Demand and Price Analysis; Productivity Analysis (search for similar items in EconPapers)
Pages: 1
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/61164/files/Biotech_Poster_Final__11874.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea10:61164

DOI: 10.22004/ag.econ.61164

Access Statistics for this paper

More papers in 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().