The income and production effects of biotech crops globally 1996-2009 Online publication date: Tue, 30-Dec-2014
by Graham Brookes; Peter Barfoot
International Journal of Biotechnology (IJBT), Vol. 12, No. 1/2, 2011
Abstract: This paper provides an assessment of the economic impact at the farm level of agricultural biotechnology on global agriculture. It examines the economic impacts on yields, key costs of production, direct farm income, indirect (non-pecuniary) farm level income effects and impacts on the production base of the four main crops of soybeans, corn, cotton and canola. The analysis shows that there have been substantial net economic benefits at the farm level amounting to $10.8 billion in 2009 and $64.7 billion for the 14-year period (in nominal terms). The non-pecuniary benefits associated with the use of the technology have also had a positive impact on adoption (in the USA accounting for the equivalent of 23% of the total direct farm income benefit). Biotech crops have also made important contributions to increasing global production levels of the four main crops; adding, for example, 83 million tonnes and 130 million tonnes, respectively, to global production of soybeans and corn.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Biotechnology (IJBT):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook