Welfare Analysis of Lifting the GM Ban in Russia

Use of genetically modified crops is prohibited in Russia, however, Russian politicians are currently discussing this technology. This article evaluates the potential welfare effects of adopting genetically modified crops in Russia, focusing on the potential benefits to Russian producers who adopt herbicide tolerant corn and soybeans. Calculations are based on supply and demand functions of current market situations and their potential shifts. The results quantify the potential monetary gains from open markets to genetic engineering technology and explain the potential additional costs related to technology adoption.


Issue Date:
Jun 30 2016
Publication Type:
Journal Article
DOI and Other Identifiers:
ISBN: 1804-1930 (Other)
PURL Identifier:
http://purl.umn.edu/241369
Published in:
AGRIS on-line Papers in Economics and Informatics, Volume 08, Number 2
Page range:
49-56
Total Pages:
8
Series Statement:
Volume VIII
2




 Record created 2017-04-01, last modified 2017-08-29

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