Table of Contents

Handbook on Agriculture, Biotechnology and Development

Handbook on Agriculture, Biotechnology and Development

Elgar original reference

Edited by Stuart J. Smyth, Peter W.B. Phillips and David Castle

This book is a compendium of knowledge, experience and insight on agriculture, biotechnology and development. Beginning with an account of GM crop adoptions and attitudes towards them, the book assesses numerous crucial processes, concluding with detailed insights into GM products. Drawing on expert perspectives of leading authors from 57 different institutions in 16 countries, it provides a unique, global overview of agbiotech following 20 years of adoption. Many consider GM crops the most rapid agricultural innovation adopted in the history of agriculture. This book provides insights as to why the adoption has occurred globally at such a rapid rate.

Chapter 27: Market power in the US biotech industry

Alexandre Magnier, Nicholas Kalaitzandonakes and Douglas Miller

Subjects: development studies, agricultural economics, development studies, economics and finance, agricultural economics, environment, agricultural economics, biotechnology, environmental sociology, innovation and technology, biotechnology

Extract

The advent of agricultural biotechnologies has induced structural changes in parts of the agribusiness industry that have precipitated a heated debate about regulatory oversight of some segments of the agri-food supply chain. Chapters 4, 23 and 26 in this volume address important aspects of these changes. The US seed industry has been at the center of the structural changes as large multinational firms with significant investments in agricultural biotechnology integrated forward into the seed industry through multiple mergers and acquisitions. This vertical integration changed drastically the ownership and control of the US seed industry as well as its degree of concentration. Over the last fifteen years, the more concentrated and vertically integrated US seed industry has excelled in introducing an ever-increasing number of new differentiated seeds adapted to regional cropping conditions and delivering a large number of new biotech traits. As the number of seeds offered expanded, product life cycles shortened and the value of biotech traits increased, the prices of seeds paid by farmers also escalated. The increasing concentration of the industry and the parallel increases in seed prices have, in some cases, been viewed as evidence of market power that has been exercised in the US seed and biotech industry and has attracted the attention of the US anti-trust authorities. The key question we address in this chapter then is whether market power has been exercised in the US seed/biotech corn industry in recent years, and if so, to what extent.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information