@article{Alston:57828,
      recid = {57828},
      author = {Alston, Julian M. and Hyde, Jeffrey and Marra, Michele C.  and Mitchell, Paul D.},
      title = {An Ex Ante Analysis of the Benefits from the Adoption of  Corn Rootworm Resistant, Transgenic Corn Technology},
      address = {2003-02},
      number = {414-2016-26039},
      pages = {37},
      year = {2003},
      abstract = {This study examined the potential economic impacts in the  United States of
the commercial adoption of a corn rootworm  (CRW) resistant transgenic corn. Using a
counterfactual  approach, we estimated that if the technology had been made  available in
the year 2000 at a price that would equate per  acre costs to those for insecticide-based
corn rootworm  control, and adopted on all of the acres treated for corn  rootworm in that
year, the total benefits would have been  $460 million. This benefit includes $171 million
to the  technology developer and seed companies, $231 million to  farmers from yield
gains, and a further $58 million to  farmers from reduced risk, time savings, and other  nonpecuniary
benefits associated with reduced use of  insecticides. This is a one-year benefit
with 100 percent  adoption. Our nation-wide survey of corn producers suggests  that initial
adoption might be as low as 30 percent, which  means that the first-year benefits might be
only one-third  of the value implied by 100 percent adoption. Different  pricing
assumptions would mostly change the distribution of  the benefits between farmers and
others, so long as the  pricing did not influence the adoption rate as well.  Benefits over
time would reflect changing adoption patterns  and evolving insect resistance. Further
analysis could  include the effects of any refuge requirements implemented  to slow the
development of resistance, when such  requirements are known.},
      url = {http://ageconsearch.umn.edu/record/57828},
      doi = {https://doi.org/10.22004/ag.econ.57828},
}