The precautionary principle (PP) has sometimes been invoked to justify a ban on GM crops. This justification, however, takes credit for reducing potential public health and environmental risks that might result from a ban but ignores any blame for risks that the ban might generate or prolong....

A framework is developed for examining price and welfare effects of the introduction of genetically modified (GM) products. In the short run, non-GM grain generally becomes another identity-preserved product. However, more profound market effects are observed under some reasonable...

Ten years after the first generation of genetically engineered (GE) varieties became commercially available, adoption of these varieties by U.S. farmers is widespread for major crops. Driven by farmers' expectations of higher yields, savings in management time, and lower pesticide costs, the...

Genetically modified crops have become a topic of great interest among scientists, regulators, consumers, farmers, and politicians. Despite their potential benefits, public hostility toward these crops is causing dramatic changes to import/export policies, food safety regulations, and...