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Economic Viability Of Bt-Corn In The U.S

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  • Kim, Hong Jin
  • Konyar, Kazim
  • Sargent, Keith

Abstract

Bt-corn, a genetically engineered insect resistant variety, has been adopted by almost one-quarter of all corn farmers, resulting in economic impacts on both conventional corn growers and Bt-corn growers. we estimate changes in profits for both types of farmers with different levels of seed premiums, yield increases and adoption rates. We find that Bt-corn growers will see their profits decline when the adoption rate and seed premium are high, if they are not offset by higher yields. Conventional corn growers will always experience a decline in profits because the yield increase from Bt-corn causes corn price to fall.

Suggested Citation

  • Kim, Hong Jin & Konyar, Kazim & Sargent, Keith, 2002. "Economic Viability Of Bt-Corn In The U.S," 2002 Annual meeting, July 28-31, Long Beach, CA 19772, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19772
    DOI: 10.22004/ag.econ.19772
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    References listed on IDEAS

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    1. Delucchi, Mark A. & Murphy, James & Kim, Jin & McCubbin, Donald R., 1996. "The Cost of Crop Damage Caused by Ozone Air Pollution From Motor Vehicles," University of California Transportation Center, Working Papers qt1j6730td, University of California Transportation Center.
    2. Konyar, Kazim & Howitt, Richard E., 2000. "The Cost Of The Kyoto Protocol To U.S. Crop Production: Measuring Crop Price, Regional Acreage, Welfare, And Input Substitution Effects," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-21, December.
    3. Richard E. Howitt, 1995. "A Calibration Method For Agricultural Economic Production Models," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(2), pages 147-159, May.
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