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Gm Rice Commercialization And Its Impact On The Global Rice Economy

Author

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  • Durand-Morat, Alvaro
  • Chavez, Eddie
  • Wailes, Eric

Abstract

Genetically-modified (GM) rice is an important technology surrounded with controversy and uncertainty, hence it warrants more in-depth analysis. While GM rice is considered by its supporters as having promising potential, many still remain passionately against its use. This study assesses the impacts of GM rice commercialization on the global rice market. We use the Arkansas Global Rice Model (AGRM) and the RICEFLOW model to provide stochastic and dynamic analyses. Scenarios of adoption, diffusion and acceptance of Bt (Bacillus thuringiensis) rice by Bangladesh, China, Indonesia, Nigeria, and the Philippines are compared against baseline projections. The results focus on world trade, world and domestic prices, resource savings, domestic production, consumption, and stocks. Bt rice adoption has the potential to significantly impact the global and national rice economies. Total rice trade, international price, and domestic prices decline as global rice production, consumption, and stocks expand.

Suggested Citation

  • Durand-Morat, Alvaro & Chavez, Eddie & Wailes, Eric, 2015. "Gm Rice Commercialization And Its Impact On The Global Rice Economy," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196979, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea15:196979
    DOI: 10.22004/ag.econ.196979
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    References listed on IDEAS

    as
    1. Wailes, Eric J. & Chavez, Eddie C., 2010. "Updated Arkansas Global Rice Model," Staff Papers 94347, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    2. Janaiah, Aldas & Xie, Fangming, 2010. "Hybrid rice adoption in India: farm level impacts and challenges," IRRI Technical Bulletins 287643, International Rice Research Institute (IRRI).
    3. Li, Jiming & Xin, Yeyun & Yuan, Longping, 2009. "Hybrid rice technology development: Ensuring China's food security," IFPRI discussion papers 918, International Food Policy Research Institute (IFPRI).
    4. Beghin, John C. & Dong, Fengxia & Elobeid, Amani & Fabiosa, Jacinto F. & Fuller, Frank H. & Hart, Chad E. & Kovarik, Karen P. & Tokgoz, Simla & Yu, Tun-Hsiang & Wailes, Eric J. & Chavez, Edward & Woma, 2007. "FAPRI 2007 U.S. And World Agricultural Outlook," Staff General Research Papers Archive 12805, Iowa State University, Department of Economics.
      • Beghin, John C. & Dong, Fengxia & Elobeid, Amani E. & Fabiosa, Jacinto F. & Fuller, Frank H. & Hart, Chad E. & Kovarik, Karen & Tokgoz, Simla & Yu, Tun-Hsiang (Edward) & Wailes, Eric J. & Chavez, Eddi, 2007. "FAPRI 2007 U.S. and World Agricultural Outlook," FAPRI Staff Reports 7296, Food and Agricultural Policy Research Institute (FAPRI).
    5. Durand-Morat, Alvaro & Wailes, Eric J., 2010. "Riceflow: a Multi-region, Multi-product, Spatial Partial Equilibrium Model of the World Rice Economy," Staff Papers 92010, University of Arkansas, Department of Agricultural Economics and Agribusiness.
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    Cited by:

    1. Zentner, Emilie, 2015. "Rice Biotechnology: Helping or Hurting Farmers in the Philippines," SS-AAEA Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 2015, pages 1-13.

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