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- Title
Market Acceptance of Animal Welfare-Improving Biotechnology: Gene Editing and Immunocastration in U.S. Pork.
- Authors
Ufer, Danielle; Ortega, David L.; Wolf, Christopher A.; Swanson, Janice; McKendree, Melissa
- Abstract
Given general social resistance to agricultural biotechnology, viability of novel applications that improve animal welfare depends on market acceptance. Using a Becker--DeGroot--Marschak mechanism, we elicit willingness to pay (WTP) for pork produced using two animal welfareimproving biotechnologies. To evaluate U.S. consumer demand for these technologies, we model WTP premiums using a seemingly unrelated equations approach. Results indicate that negative attitudes toward biotechnology outweigh animal welfare benefits, though products still garner a premium due to heterogeneity in preferences. Findings support policies that balance the costs of regulatory approval with observed market acceptance and policies that accommodate animal welfare demands.
- Subjects
ANIMAL biotechnology; GENOME editing; ANIMAL welfare; WILLINGNESS to pay; AGRICULTURAL biotechnology; PORK
- Publication
Journal of Agricultural & Resource Economics, 2022, Vol 47, Issue 2, p444
- ISSN
1068-5502
- Publication type
Article
- DOI
10.22004/ag.econ.313315