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bST & Milk: Benefit or Bane?

Author

Listed:
  • McGuirk, Anya M.
  • Kaiser, Harry M.

Abstract

Bovine somatotropin (bST), a genetically engineered hormone for dairy cows that could increase milk yields by as much as 10 to 25 percent, is currently in the final phases of the U.S. Food and Drug Administration (FDA) approval process. Anticipating its ultimate approval economists and industry analysts have concentrated their studies on the potential impact of bST on individual farmers, as well as on the dairy industry as a whole-the supply effects. In contrast, demand aspects have been largely ignored. But they shouldn't be because consumer backlash to bST in terms of lower demand could be substantial.

Suggested Citation

  • McGuirk, Anya M. & Kaiser, Harry M., 1991. "bST & Milk: Benefit or Bane?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 6(1), pages 1-5.
    • Handle: RePEc:ags:aaeach:130670
    DOI: 10.22004/ag.econ.130670
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    Citations

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    Cited by:

    1. Kaiser, Harry M., 1992. "Market Impacts Of Bovine Somatropin: A Supply And Demand Analysis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(1), pages 271-282, July.
    2. Jarvis, Lovell S., 2000. "THE POTENTIAL EFFECT OF RECOMBINANT BOVINE SOMATOTROPIN (rbST) ON WORLD DAIRYING," Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26003, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    3. Burton, M. P. & Metcalfe, J. S. & Smith, V. H., 2001. "Innovation and the demand for food and drug labelling regulation in an evolutionary model of industry dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 12(4), pages 457-477, December.
    4. Kanter, Christopher & Messer, Kent D. & Kaiser, Harry M., 2008. "Do rBST-Free and Organic Milk Stigmatize Conventionally Produced Milk?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 43491, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Jura Liaukonyte & Nadia A. Streletskaya & Harry M. Kaiser, 2015. "The Long-Term Impact of Positive and Negative Information on Food Demand," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(4), pages 539-562, December.

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