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A Prospective Assessment of the Impacts of Bovine Somatotropin: A Case Study of Wisconsin

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  • Bruce W. Marion
  • Robert L. Wills

Abstract

The predicted effects of bST on aggregate supply, milk price, and farm structure is extremely sensitive to several key assumptions: the impact of bST on production per cow, cost of bST to farmers, returns required by farmers to adopt bST, price of milk when bST is introduced, speed and extent of adoption. A case study of Wisconsin dairy farms indicates that the overall economic impact of bST will be much less than most other studies have predicted. The projected effects, however, are similar to Cochrane's treadmill theory, albeit less severe than predicted by earlier estimates.

Suggested Citation

  • Bruce W. Marion & Robert L. Wills, 1990. "A Prospective Assessment of the Impacts of Bovine Somatotropin: A Case Study of Wisconsin," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 326-336.
    • Handle: RePEc:oup:ajagec:v:72:y:1990:i:2:p:326-336.
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    Citations

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    Cited by:

    1. Caswell, Margriet F. & Fuglie, Keith O. & Klotz, Cassandra A., 1994. "Agricultural Biotechnology: An Economic Perspective," Agricultural Economic Reports 262025, United States Department of Agriculture, Economic Research Service.
    2. Zdenko Stefanides & Loren W. Tauer, 1999. "The Empirical Impact of Bovine Somatotropin on a Group of New York Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 95-102.
    3. Kaiser, Harry M., 1990. "Bovine Somatotropin and Milk Production: Potential Impacts for the U.S," Staff Papers 121538, Cornell University, Department of Applied Economics and Management.
    4. Kaiser, Harry M., 1992. "Market Impacts Of Bovine Somatropin: A Supply And Demand Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-12, July.
    5. Thomas J. Holmes & James A. Schmitz, 1995. "Resistance to new technology and trade between areas," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 19(Win), pages 2-17.
    6. Tauer, Loren W., 2003. "The Impact of recombinant bovine Somatotropin on Dairy Farm Profits: A Switching Regression Analysis," Working Papers 127241, Cornell University, Department of Applied Economics and Management.
    7. Tauer, Loren W., 2000. "The Impact of bST on Farm Profits," Working Papers 127677, Cornell University, Department of Applied Economics and Management.
    8. Thomas J. Holmes & James A. Schmitz, 1994. "Resistance to technology and trade between areas," Staff Report 184, Federal Reserve Bank of Minneapolis.
    9. McGuirk, Anya M. & Preston, Warren P. & Jones, Gerald M., 1992. "Introducing Foods Produced Using Biotechnology: The Case Of Bovine Somatotropin," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-15, July.
    10. Barham, Bradford L. & Jackson-Smith, Douglas & Moon, Sunung, 2002. "The Dynamics Of Agricultural Biotechnology Adoption: Lessons From Rbst Use In Wisconsin, 1994-2001," 2002 Annual meeting, July 28-31, Long Beach, CA 19627, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. McBride, William D. & Short, Sara D. & El-Osta, Hisham S., 2002. "Production And Financial Impacts Of The Adoption Of Bovine Somatotropin On U.S. Dairy Farms," 2002 Annual meeting, July 28-31, Long Beach, CA 19908, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Barham, Bradford L. & Foltz, Jeremy D. & Moon, Sunung & Jackson-Smith, Douglas, 2002. "Rbst Use Among U.S. Dairy Farmers: A Comparative Analysis From 6 States," 2002 Annual meeting, July 28-31, Long Beach, CA 19598, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Kalaitzandonakes, Nicholas G. & Bjornson, Bruce, 1997. "Vertical And Horizontal Coordination In The Agro-Biotechnology Industry: Evidence And Implications," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(1), pages 1-11, July.
    14. 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.
    15. Everett B. Peterson & Paul V. Preckel & Thomas W. Hertel & Anya M. McGuirk, 1992. "Impacts of growth stimulants in the domestic livestock sector," Agribusiness, John Wiley & Sons, Ltd., vol. 8(4), pages 287-307.
    16. Helming, John F.M. & Hammond, Jerome W., 1991. "Potential Impacts Of Bst On The Minnesota Milk Supply," Staff Papers 14119, University of Minnesota, Department of Applied Economics.
    17. Kaiser, Harry M. & Scherer, Clifford W. & Barbano, David M., 1992. "Consumer Perceptions And Attitudes Towards Bovine Somatotropin," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 21(1), pages 1-11, April.
    18. Butler, Leslie J. & Henriques, Irene, 2001. "Adoption and Diffusion of Biotechnology: rbST in California," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125548, Australian Agricultural and Resource Economics Society.

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