Agricultural Biotechnology: An Economic Perspective

The development of agricultural biotechnology offers the opportunity to increase crop production, lower farming costs, improve food quality and safety, and enhance environmental quality. This report describes the economic, scientific, and social factors that will influence the future of biotechnology in agriculture. The supply of biotechnology innovations and products will be affected by public policies and by expectations of producer and consumer demand for the products. The demand for biotechnology by farmers and food processors is derived from the expected profitability of using the technology as an input to production. Ultimately, the use of biotechnology in the farm sector will depend on consumer demand for the biotechnology-derived agricultural product.


Keywords:
Issue Date:
May 01 1994
Publication Type:
Report
Language:
English
Total Pages:
59
Series Statement:
Agricultural Economic Report Number 687




 Record created 2017-08-17, last modified 2017-09-28

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