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Evaluating the Production and Price Impacts of Biotechnology Application in Crop Markets AgEcon
Brookes, Graham; Yu, Tun-Hsiang (Edward); Tokgoz, Simla; Elobeid, Amani E..
Biotechnology crop traits have been applied on a widespread commercial global basis since 1996, making it the most rapidly adopted crop technology in agriculture. The primary biotechnologies used have included technology delivering herbicide tolerance and insect resistance for crops, such as corn, soybeans, cotton, and canola. This technology has provided farmers with productivity improvements through a combination of yield improvements and cost reductions. Thus, this technology has had an impact on prices of cereals and oilseeds (and their derivatives) both in countries where biotech traits were applied and in the global market. Realizing the surging significance of biotechnology application in global crop markets, this study first summarizes the...
Tipo: Conference Paper or Presentation Palavras-chave: Biotech crops; Prices; Yield; Soybeans; Corn; Canola; Partial-equilibrium model; Price effects; Demand and Price Analysis; Productivity Analysis.
Ano: 2010 URL: http://purl.umn.edu/61164
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The Production and Price Impact of Biotech Crops AgEcon
Brookes, Graham; Yu, Tun-Hsiang (Edward); Tokgoz, Simla; Elobeid, Amani E..
Biotech crops have now been grown commercially on a substantial global scale since 1996. This paper examines the production effects of the technology and impacts on cereal and oilseed markets through the use of agricultural commodity models. It analyses the impacts on global production, consumption, trade and prices in the soybean, canola and corn sectors. The analysis suggests that world prices of corn, soybeans and canola would probably be, respectively, 5.8%, 9.6% and 3.8% higher, on average, than 2007 baseline levels if this technology was no longer available to farmers. Prices of key derivatives of soybeans (meal and oil) would also be between 5% and 9% higher, with rapeseed meal and oil prices being about 4% higher than baseline levels. World prices...
Tipo: Working or Discussion Paper Palavras-chave: Biotechnology; Cereals; Crop yields; Oilseeds; Price effects; Productivity.; Crop Production/Industries; Demand and Price Analysis; Productivity Analysis.
Ano: 2010 URL: http://purl.umn.edu/56984
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