Date of this Version
Cornhusker Economics (March 26, 2014)
The coexistence of genetically modified (GM) products with their conventional and organic counterparts has been one of the most scrutinized issues surrounding the introduction of products of agricultural biotechnology into the agri-food marketing system. Fears that the widespread adoption of GM products will drive their conventional (and perhaps organic) counterparts out of the market, have been countered by arguments that their presence enhances the equilibrium product variety in the market. Central to the argument is, of course, the possibility of coexistence of GM, conventional and organic products, with the main focus having been on farm production systems and the prospect of coexistence of GM, conventional and organic crops.