In recent years, output on genetic diversity in the economic literature has included conceptual pieces on the definition and measurement of crop genetic diversity, methodologies for estimating its value, and efforts to analyze its contribution to productivity and stability. However, because biological diversity refers in general to a broad area of scientific inquiry, the growing quantity of literature has also generated some confusion over the definition, measurement, and interpretation of genetic diversity in the context of economic analysis. This paper addresses some of the measurement issues encountered in incorporating genetic diversity into economic analysis by presenting a synthesis of several of the relevant concepts and tools. Using data collected in Australia and China, we compare the results from the application of some of the diversity concepts and discuss the implications of using them into future economic analysis.