Open Access. Powered by Scholars. Published by Universities.®

Education Commons

Open Access. Powered by Scholars. Published by Universities.®

Journal

Technology

1988

Articles 1 - 1 of 1

Full-Text Articles in Education

Economic Changes From The Use Of Biotechnology In Production Agriculture, Loren W. Tauer Jan 1988

Economic Changes From The Use Of Biotechnology In Production Agriculture, Loren W. Tauer

Journal of the Iowa Academy of Science: JIAS

The potential economic impact of biotechnology in production agriculture is discussed. There are challenges and difficulties in completing economic research when little production information is available on biotechnologies. I argue that little impact differences exist between cost-reducing versus output-increasing technological change. Rapid technological change results in low average returns in agriculture but continuous early innovators earn higher returns. Various plant and animal technologies are presented and discussed.