10/4/99

Contacts:
John Miranowski, Economics, 515/294-6741
Susan Thompson, Agriculture Information, 515/294-0705

ISU PAPER OUTLINES ECONOMIC ASPECTS OF GMO ISSUE

AMES, Iowa -- A new report on economic issues surrounding the marketing of genetically modified crops has been issued by the Iowa State University economics department.

Crops grown from genetically modified organisms (GMO) have become increasingly popular with Iowa farmers over the past few years. But recent opposition to GMO grains from food processors and retailers means farmers and grain handlers are facing new uncertainties.

"Economic Perspectives on GMO Market Segregation" has seven sections. Topics include identity preservation, market penetration of GMO corn and soybeans, potential markets for non-GMO corn and soybeans, price impacts, transportation issues and legal guidelines.

"This new generation of seed that enables farmers to better control pest damage could be the leading edge of a technological revolution," the report states. "The uncertainty about whether these crops are the leading edge or simply a trial run arises not because of scientific uncertainty. The uncertainty lies in the extent of consumer acceptance of food produced using genetically engineered seed."

The report is available on the ISU economics department Web site at: http://www.econ.iastate.edu/research/webpapers/NDN0060.pdf. Or call 515/294-6741.

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