Journal
EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS
Volume 35, Issue 3, Pages 331-355Publisher
OXFORD UNIV PRESS
DOI: 10.1093/erae/jbn014
Keywords
biotechnology; genetically modified products; innovation; regulation; research and development
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Biotechnology has had an important impact on the agricultural and food industries over the last 12 years by way of fast and extensive adoption of a few genetically modified (GM) crops. This has produced large efficiency gains, including higher yields and reduced costs of weed and pest control, as well as some environmental benefits. The expected development of crops with additional agronomic traits, and with output traits to improve the nutrition and health attributes of food products, holds the potential for even more pervasive impacts. Full realisation of such promises may require overcoming the constraining effects of restrictive GM product regulations.
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