Publication Date
1-2001
Series Number
01-WP 264
Abstract
The conceptual model necessary for an assessment of biotechnology's economic benefits and costs is outlined, emphasizing the need to account for the proprietary nature of biotechnology innovations. The model is illustrated with an application to Roundup Ready soybeans. The estimated value of this innovation is sizeable, with consumers and innovators claiming the larger share of net benefits. Also, disparities in intellectual property rights protection across countries affect the distribution of benefits. Consumer resistance toward genetically modified organisms (GMOs) and the issues of labeling and market segregation complicate the economic evaluation of biotechnology innovations, and a number of related regulation and public policy issues are discussed. Emerging output-trait GMOs are potentially less controversial and ma y bring more benefits to all participants in the agri-food sector, but this outcome depends crucially on the development of an effective, credible, and internationally harmonized regulatory system.
Publication Information
This paper was presented at the conference “Agricultural Trade Liberalization: Can We Make Progress?” organized by the Canadian Agri-Food Trade Research Network, Quebec City, Canada, October 27-28, 2000.
Recommended Citation
Moschini, GianCarlo, "Economic Benefits and Costs of Biotechnology Innovations in Agriculture" (2001). CARD Working Papers. 311.
https://lib.dr.iastate.edu/card_workingpapers/311
Included in
Agricultural and Resource Economics Commons, Agricultural Economics Commons, Biotechnology Commons, Economics Commons, Intellectual Property Law Commons, Technology and Innovation Commons