Market Development for Genetically Modified Foods

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The investment climate for firms producing genetically modified (GM) agricultural products has recently experienced considerable change, with the occurrence of remarkably high rate of farmer acceptance, but considerable consumer resistance. The present system that involves firms developing biotech products, farmers producing the products, food and related agribusiness industrial firms, and consumers of food, is very volatile. This however will soon be affected by changes in reulatory, trade and food safety regimes.

This book addresses these key issues and is based on papers presented at the fourth meeting of The International Consortium on Agricultural Biotechnology Research (ICABR), on Economics of Agricultural Biotechnology, held at Ravello, Italy, in August 2000. Organized in four parts, this volume focuses on: Consumer reactions to GM food information, regulatory issues, farmer acceptance of biotech products, and changes in industrial organization in life science and food sectors

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Editorial Reviews

From the Publisher
"[T]his well-written book is recommended both for practitioners and scientists." , vol. 30
European Review of Agricultural Economics
"[T]his well-written book is recommended both for practitioners and scientists." , vol. 30
From The Critics
This collection of 26 papers examines consumer reactions to information about genetically modified foods, regulatory issues, farmer acceptance of biotech products, and changes in industrial organization in the life science and food sector. Topics include a comparison of consumer attitudes towards genetically modified food in Ireland and the U.S., the effect of bovine somatotropin on dairy farm profits, quantifying scientific risk communications of agrobiotechnology, and the durability of strategic industry alliances. Distributed by Oxford University Press. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780851995731
  • Publisher: CAB International North America
  • Publication date: 3/28/2002
  • Series: Cabi Publishing Series
  • Pages: 336
  • Product dimensions: 6.94 (w) x 9.66 (h) x 1.09 (d)

Meet the Author

Universita degli Studi Roma 'Tor Vergata'

Economic Growth Center, Yale University

University of California, Berkeley

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Table of Contents

Introduction 1
1 A Way Forward for Frankenstein Foods 7
Pt. I Evaluating Consumer Attitudes to GM Foods
2 A Comparison of Consumer Attitudes towards GM Food in Ireland and the United States: a Case Study Over Time 25
3 Differences in Public Acceptance between Generic and Premium Branded GM Food Products: an Analytical Model 39
4 Is European Consumers' Refusal of GM Food a Serious Obstacle or a Transient Fashion? 49
5 Estimates of Willingness to Pay a Premium for Non-GM Foods: a Survey 55
6 A Consumer-based Approach towards New Product Development through Biotechnology in the Agro-food Sector 63
Pt. II Acceptance by Farmers of Biotech Products
7 The Impact of Bovine Somatotropin on Farm Profits 81
8 The Importance of Feed Management Technologies in the Decision to Adopt Bovine Somatotropin: an Application to California Dairy Producers 91
9 The Potential Effect of Recombinant Bovine Somatotropin on World Dairying 101
10 Gains to Yield-increasing Research in the Evolving Canadian Canola Research Industry 113
11 Determinants of GMO Use: a Survey of Iowa Maize-Soybean Farmers' Acreage Allocation 127
12 Estimating Adoption of GMO Soybeans and Maize: a Case Study of Ohio, USA 141
13 Ex ante Economic Assessment of Adopting Genetically Engineered Crops in Finland 159
14 Biotechnology, Farm Management and Local Agricultural Development 167
Pt. III The Role of Information Systems and of Associated Regulatory Developments
15 Public Acceptance of and Benefits from Agricultural Biotechnology: a Key Role for Verifiable Information 179
16 Science and Regulation: Assessing the Impacts of Incomplete Institutions and Information in the Global Agricultural Biotechnology Industry 191
17 Quantifying Scientific Risk Communications of Agrobiotechnology 205
18 Time Series Analysis of Risk Frames in Media Communication of Agrobiotechnology 217
19 Case Study in Benefits and Risks of Agricultural Biotechnology: Roundup Ready Soybeans 227
20 Labelling for GM Foods: Theory and Practice 245
21 Estimating the Costs of Segregation for Non-biotech Maize and Soybeans 261
22 Endogenous Demand and Optimal Product Regulation: the Case of Agricultural Biotechnology 271
Pt. IV Industry Structure Issues
23 Tobin's q and the Value of Agriceutical Firms 279
24 The Structure of the European Agro-food Biotechnology Industry: Are Strategic Alliances Here to Stay? 283
25 Market Structure in Biotechnology: Implications for Long-run Comparative Advantage 291
26 Biotechnology in the Supply Chain: Managing a Product Differentiating Technology 301
Index 313
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