Rent creation and distribution from biotechnology innovations: The case of Bt cotton and herbicide-tolerant soybeans in 1997
Falck-Zepeda JB, et al (2000). Agribusiness, vol. 16, no. 1, pp. 21-32..
This paper is relevant to the categories in the following areas:
| Crops: | Cotton |
| Traits: | Insect Res. (BT) |
| Countries: | US |
| Regions: | North America |
| ImpactAreas: | Yield |
Abstract or Summary:
We examine the distribution of welfare from the second-year planting of Bt cotton in the United States in 1997. We also provide preliminary estimates of the planting of herbicide-tolerant soybeans in 1997. For Bt cotton, total increase in world surplus was $190.1 million and US farmer share of total surplus was 42%. The gene developer, Monsanto, received 35% and the rest of the world 6% of the total world surplus. Delta and Pine Land received 9%, whereas US consumers received 7%. For herbicide-tolerant soybeans, total world surplus was $1,061.7 million. US farmers' surplus was 76%, Monsanto's was 7%, US consumers received 4%, and seed companies captured 3% of total surplus.
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