1. Who benefits from Biotechnology?
Present by
Michael Duffy
Iowa State University
American Seed Trade Association
December 5-7, 2001
Chicago, IL

2. Data
2000 cross-sectional survey of Iowa farms using personal enumeration
178 soybean fields
230 corn fields
Survey conducted by Iowa Agricultural Statistic Service in Fall 2000
Practices reported by farmers
Prices used from Iowa State estimates
Machinery costs based on Iowa Custom Rates

12. Conclusions
Returns to herbicide tolerant soybeans and non-tolerant are essentially equal; lower yields, higher seed costs but lower herbicide and weed management costs
Returns to Bt corn and non-Bt corn are essentially equal; higher yields but higher costs
Primary beneficiary of first generation biotech crops are the seed companies with some benefits to the chemical companies
Producer benefits come in ease of production and ability to cover more acres not in increased profits per acre