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Ex Ante Economic Impact of Genetically Modified (GM) Cowpea in Benin
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Abstract
The net impact of pest-resistant GM crops on the welfare of both producers and consumers in developing countries is currently unknown and subject to speculation. This study uses choice-based conjoint protocol to estimate the net impact of pest-resistant Genetically Modified (GM) cowpea on net social welfare in Benin given price and income risks. Results imply that Bt cowpea will increase expected net social welfare by about US50millionperyearinBeningivennoinefficienciesintheseedsector.IfinefficienciesintheseedsectoraresuchthatcowpeagrowerscanaccessBtcowpeaseedsonly50US 11 million per year.Crop Production/Industries,