To read the full version of this content please select one of the options below:

Food Security through Biotechnology: The Case of Genetically Modified Sugar Beets in the United States

aDepartment of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge, LA 70803-5604, USA, Email address:
bDepartment of Agricultural and Resource Economics, University of Tennessee, Knoxville, TN 37996, USA, Email address:
cFood and Resource Economics Department, University of Florida, Gainesville, FL 32611-0240, USA, Email address:

World Agricultural Resources and Food Security

ISBN: 978-1-78714-516-0, eISBN: 978-1-78714-515-3

ISSN: 1574-8715

Publication date: 15 July 2017

Abstract

While genetically modified (GM) crops have provided tremendous agricultural productivity gains, many consumers oppose GM products and maintain they are unsafe. We use the case of GM sugar beets and their adoption by the US producers to examine the implications of GM technology on food security. A partial equilibrium framework is used to examine the implications of GM technology on food security. This analysis provides a unique opportunity to examine the impact of GM adoption in one product (sugar beets) relative to non-GM adoption in a substitute product (sugarcane). This analysis examines the potential gains to food security through the adoption of biotechnology versus consumer fear of GM technology. Research and development (R&D) has potential implications not only through its impact on supply, but also on demand as well. This study shows that demand impacts can negate the supply-induced food security gains of R&D. Regulations such as mandatory labeling requirements can impact this outcome.

Keywords

Citation

Kennedy, P.L., Lewis, K.E. and Schmitz, A. (2017), "Food Security through Biotechnology: The Case of Genetically Modified Sugar Beets in the United States", World Agricultural Resources and Food Security (Frontiers of Economics and Globalization, Vol. 17), Emerald Publishing Limited, Bingley, pp. 35-52. https://doi.org/10.1108/S1574-871520170000017003

Publisher

:

Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited