The Political Economy of Regulation of Biotechnology in Agriculture - The Oxford Topic of Food, Politics, and Society - page 670

Table 27.1 Distribution of total economic benefits from adoption of genetically engineered crops

Share of total benefits (%) to . . .

Total benefits
(millions)

U.S.
Farmers (%)

Innovators
(%)

Rest-of-world net
benefit Year(s) U.S. consumers (%)

Bacillus thuringiensis (Bt) cotton
1996 $134 43 47 6 -

1996 $240 59 26 9 6%

1997 $190 43 44 7 6%

1998 $213 46 43 7 4%

1996-1998 $131- $164 5-6 46 33 18%

1996-1999 $16 - $46 100a - - -

1997 $210 29 35 14 22%

Herbicide-tolerant cotton
1997 $232 4 6 57 33%

Herbicide-tolerant soybeans
1997 (LEa) $1,1000 77 10 4 9%

(HE b ) $437 29 18 17 28%

1997 $310 20 68 5 6%

1997 $206 16d 49 35 NAe

1999 $804 20 45 10 26%

2001 $1,230 13d 34 53 NAe

Bt maize
2004

$836 22 15 63 -

a LE = low elasticity; assumes a U.S. soybean supply elasticity of 0.22.
b HE = high elasticity; assumes a U.S. soybean supply elasticity of 0.92.
Sources: NRC 2010