Genetic improvements in major US crops: the size and distribution of benefits

Frisvold, G.B. and Sullivan, J. and Raneses, A. (2003) Genetic improvements in major US crops: the size and distribution of benefits. Agricultural Economics, 28 (2). pp. 109-119.

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The distribution of welfare gains of genetic improvements in major US crops is estimated using a world agricultural trade model. Multi-market welfare estimates were 75% larger than estimates based on the price-exogenous ‘change in revenue’ method frequently used by plant breeders. Annual benefits of these genetic improvements range from US$400-600 million depending on the supply shift specification. Of this, 4440% accrues to the US, 2634% accrues to other developed countries. Developing and transitional economies capture 1622% of the welfare gain. The global benefits of a one-time permanent increase in US yields are US$8.1 billion (discounted at 10%) and US$ 15.4 billion (discounted at 5%). Gains to consumers in developing and transitional economies range from US$6.1 billion (10% discount rate) to US$ 11.6 billion (5% discount rate).

Item Type: Article
Uncontrolled Keywords: Yields, Plant breeding, Genetic resources, Returns to research, Supply shift
Author Affiliation: Department of Agricultural and Resource Economics, 319 Economics Building, University of Arizona, Tucson, AZ 85721, USA
Subjects: Crop Improvement > Genetics/Genomics
Divisions: General
Depositing User: Mr B Krishnamurthy
Date Deposited: 03 Feb 2017 04:25
Last Modified: 03 Feb 2017 04:25
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