Genetically modified crops: Their market and welfare impacts

American Journal of Agricultural Economics

Volumn 87, Issue 4, 2005, Pages 931-950

  Lence, Sergio H ^a   Hayes, Dermot J ^a  

^a IOWA STATE UNIVERSITY   (United States)

Author keywords

Bt corn; Genetically modified crops; Identity preservation; Welfare

Indexed keywords

AGRICULTURAL MARKET; GENETICALLY MODIFIED ORGANISM; NATIONAL TRADE; WELFARE ECONOMICS;

NORTH AMERICA; UNITED STATES;

ZEA MAYS;

EID: 29144491837     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1111/j.1467-8276.2005.00779.x     Document Type: Article

References (47)

1. Ballenger, N., M. Bohman, and M. Gehlhar. "Biotechnology: Implications for U.S. Corn and Soybean Trade." Washington DC: Economic Research Service, U.S. Department of Agriculture, Agricultural Outlook 270(2000): 24-28.
2. BBC News. "Euro Vote Ends GM Food Ban." BBC News, Published July 2, 2003. Available at: http://news.bbc.co.uk/go/pr/fr/-/2/hi/europe/ 3037222.stm
3. Becker, G. Economic Theory. New York: Alfred Knopf, 1971.
4. Benbrook, C.M. "The Farm-Level Economic Impacts of Bt Corn from 1996 through 2001: An Independent National Assessment." Unpublished, Benbrook Consulting Services, Sandpoint, Idaho, 2001. Available at: http://www.biotech- info.net/GMO_corn.pdf
5. Browne, A.W., P.J.C. Harris, A.H. Hofny-Collins, N. Pasiecznik, and R.R. Wallace. "Organic Production and Ethical Trade: Definition, Practice and Links." Food Policy 25(2000):69-89.
6. Bullock, D.S., and M. Desquilbet. "The Economics of Non-GMO Segregation and Identity Preservation." Food Policy 27(2002):81-99.
7. Bureau, J.C., S. Marette, and A. Schiavina. "Non-tariff Trade Barriers and Consumers' Information: The Case of EU-US Trade Dispute Over Beef." European Review of Agricultural Economics 25(1998):437-62.
8. Carlson, G., M. Marra, and B. Hubbell. "The New Super Seeds." Choices 12(1997), 31-36.
9. Caswell, J. "Should Use of Genetically Modified Organisms be Labeled?" AgBioForum 1(1998):22-24. Available at: http://agbioforum.org
10. Caswell, J.A., and E.M. Mojduszka. "Using Informational Labeling to Influence the Market for Quality in Food Products." American Journal of Agricultural Economics 78(1996):1248-53.
11. Constantine, J.H., J.M. Alston, and V.H. Smith. "Economic Impacts of the California One-Variety Cotton Law." Journal of Political Economy 102(1994):951-74.
12. Desquilbet, M., and D.S. Bullock. "Who Pays the Cost of Non-GM Segregation and Identity Preservation?" Paper presented at the International Agricultural Trade Research Consortium, 2001 General Membership Meeting, Tucson, Arizona, 14-16 December 2001.
13. Economic Research Service, U.S. Department of Agriculture (ERS-USDA). "Biotech Corn and Soybeans: Changing Markets and the Governments Role." Washington DC: Economic Research Service, U.S. Department of Agriculture, March 5, 2001a. Available at: http://www.ers.usda.gov/emphases/ harmony/issues/biotechmarkets/background.htm
14. _. Feed - Situation and Outlook Yearbook. Washington DC: Economic Research Service, U.S. Department of Agriculture, April 2001b.
15. The Economist. "Food for Thought: Genetic Modification of Crops." Economist (1999):19.
16. _. "Technology Quarterly: Biochips Down on the Farm." Economist (2001):6.
17. Fernandez-Cornejo, J., and W. McBride. "Adoption of Bioengineered Crops." Agricultural Economics Report No. 810. Washington DC: Economic Research Service, U.S. Department of Agriculture, 2002.
18. Fulton, M., and K. Giannakas. "Inserting GM Products into the Food Chain: The Market and Welfare Effects of Different Labeling and Regulatory Regimes." American Journal of Agricultural Economics 86(2004):42-60.
19. Fulton, M.E., and L.Keyowski. "The Producer Benefits of Herbicide-Resistant Canola." AgBioForum 2(1999):85-93. Available on the Web at http://agbioforum.org.
20. Furtan, W.H., R.S. Gray, and J.J. Hoizman. "The Optimal Time to License a Biotech 'Lemon.'" Contemporary Economic Policy 21(2003):433-44.
21. Giannakas, K., and M.E. Fulton. "Consumption Effects of Genetic Modification: What If Consumers Are Right?" Agricultural Economics 27(2002):97-109.
22. Good, D., K. Bender, and L. Hill. "Marketing of Specialty Corn and Soybean Crops." Dept. Agr. Consum. Econ. AE-4733, University of Illinois, 2000.
23. Hennessy, D.A., and T.I. Wahl. "Discount Schedules and Grower Incentives in Grain Marketing." American Journal of Agricultural Economics 79(1997): 888-901.
24. Hobbs, J.E., and M.D. Plunkett. "Genetically Modified Foods: Consumer Issues and the Role of Information Asymmetry." Canadian Journal of Agricultural Economics 47(1999):445-55.
25. Hubbell, B.J., M. Marra, and G. Carlson. "Bt Cotton Demands and Insecticide Policies." American Journal of Agricultural Economics 82(2000):118-32.
26. Hyde, J., M.A. Martin, P.V. Preckel, and C.R. Edwards. "The Economics of Bt Corn: Adoption Implications." Purdue Univ. Cooperat. Ext. Serv. Pub. ID-219, Purdue University, 1999.
27. James, C. "Global Review of Commercialized Transgenic Crops: 1998." ISAAA Brief No. 8-1998. International Service for the Acquisition of Agri-biotech Applications, Ithaca, NY, 1998.
28. _ "Global Status of Commercialized Transgenic Crops: 1999." ISAAA Brief No. 17-2000. International Service for the Acquisition of Agri-biotech Applications, Ithaca, NY, 2000a.
29. _ "Global Status of Commercialized Transgenic Crops: 2000." ISAAA Brief No. 21-2000. International Service for the Acquisition of Agribiotech Applications, Ithaca, NY, 2000b.
30. _ "Global Status of Transgenic Crops: 1997." ISAAA Brief No. 5-1997. International Service for the Acquisition of Agri-biotech Applications, Ithaca, NY, 1997.
31. Just, R.E., D.L. Hueth, and A. Schmilz. Applied Welfare Economics and Public Policy. Englewood Cliffs, NJ: Prentice-Hall, 1982.
32. Kalaitzandonakes, N., R. Maltsbarger, and J. Barnes. "Global Identity Preservation Costs in Agricultural Supply Chains." Canadian Journal of Agricultural Economics 49(2001):605-15.
33. Lancaster, K. Consumer Demand: A New Approach. New York: Columbia University Press, 1971.
34. Lapan, H.E., and G. Moschini. "Innovation and Trade with Endogenous Market Failure: The Case of Genetically Modified Products." American Journal of Agricultural Economics 86(2004):634-48.
35. Lence, S.H., and D.J. Hayes. "Response to an Asymmetric Demand for Attributes: An Application to the Market for Genetically Modified Crops." In Proceedings of the NCR-134 Conference: Applied Commodity Price Analysis, Forecasting, and Market Risk Management, Saint Louis, MO, April 23-24, 2001a. Available at: http://www.agebb.missouri.edu/ncrext/ncr134/
36. _. "Response to an Asymmetric Demand for Attributes: An Application to the Market for Genetically Modified Crops." Paper presented at the 5th International Conference Convened by ICABR on "Biotechnology, Science and Modern Agriculture: A New Industry at the Dawn of the Century." Ravello, Italy, June 15-18, 2001b.
37. Lin, W.W. "Estimating the Costs of Segregation for Non-Biotech Maize and Soybeans." Market Development for Genetically Modified Foods, V. Santaniello, R.E. Evenson, and D. Zilberman, eds., Chapter 21. Wallingford, UK: CABI Publishing, 2002.
38. Lin, W.W., W. Chambers, and J. Harwood. "Biotechnology: U.S. Grain Handlers Look Ahead." Washington DC: Economic Research Service, U.S. Department of Agriculture, Agricultural Outlook 270(2000):29-34.
39. McCluskey, J.J. "This Product May Contain GMOs." Choices 15(2000):39-42.
40. Miranowski, J., et al. "Economic Perspectives on GMO Market Segregation." Working paper, Dept. Econ., Iowa State University, 1999. Available at: http://www.econ.iastate.edu/research/abstracts/NDN0060.html.
41. Mussa, M., and S. Rosen. "Monopoly and Product Quality." Journal of Economic Theory 18(1978):301-17.
42. The New York Times. "Altered U.S. Corn Found in Samples Sent to Japan." The New York Times (2001):W1.
43. Smyth, S., and P.W.B. Phillips. "Product Differentiation Alternatives: Identity Preservation, Segregation, and Traceability." AgBioForum 5(2002):30-42. Available at: http://agbioforum.org
44. Tallontire, A., and M.E. Blowneld. "Will the WTO Prevent the Growth of Ethical Trade? Implications of Potential Changes to WTO Rules for Environmental and Social Standards in the Forest Sector." Journal of International Development 12(2000):571-84.
45. Teisl, M.F., B. Roe, and R.L. Hicks. "Can Ecolabels Tune a Market? Evidence from Dolphin-Safe Labeling." Journal of Environmental Economics and Management 43(2002):339-59.
46. Varian, H. Microeconomic Analysis, 3rd ed. New York: W. W. Norton & Company, 1992.
47. The Wall Street Journal. "Biotech-Corn Problems Lead to Recall of 300 Products, Disrupt Farm Belt." Wall Street Journal (2000):A5.