Size and Distribution of Market Benefits From Adopting Biotech Crops

by Gregory Price, William Lin, José Falck-Zepeda, and Jorge Fernandez-Cornejo

This study estimates the size and distribution of benefits from adopting Bacillus thuringiensis (Bt) cotton, herbicide-tolerant cotton, and herbicide-tolerant soybeans in 1997. The stakeholders considered are U.S. farmers, U.S. consumers, biotechnology developers, germplasm suppliers, and producers and consumers in the rest of the world.

Keywords: Bt cotton, herbicide-tolerant cotton, herbicide-tolerant soybeans, agricultural biotechnology, market benefits, stakeholders, distribution of benefits

In this publication...

• Entire Report
• Report summary
• Abstract, Acknowledgments, Contents
• Summary
• Introduction
• Previous Related Studies
• Theoretical Framework
• Farm-Level Effects on Crop Yields and Pest Control Costs
• Estimating the Size and Distribution of Market Benefits
• Sensitivity Analysis
• Conclusions
• References
• Appendix A: Empirical Model for Measuring the Changes in Economic Surpluses
• Appendix B: Differences in Estimated Surplus Changes for Herbicide-Tolerant Soybeans Due to Different Analytical Frameworks