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Record information and status
Record ID
115026
Status
Published
Date of creation
2019-05-29 19:56 UTC (cjg072@mail.usask.ca)
Date of publication
2019-07-04 20:13 UTC (austein.mcloughlin@cbd.int)

General Information
Title
Investment, regulation, and uncertainty: Managing new plant breeding techniques
Author
Stuart J. Smyth, Department Bioresource Policy, Business and economics, University of Saskatchewan, Canada;, Jillian McDonald, Department Bioresource Policy, Business and economics; University of Saskatchewan, Canada;, Jose Falck-Zepeda, International Food Policy Research Institute (IFPRI); Washington, DC USA
Author’s contact information
Correspondence author: Stuart J. Smyth
Email: stuart.smyth@usask.ca
Language(s)
  • English
Publication date
2013-12-20
Subject
Summary, abstract or table of contents
As with any technological innovation, time refines the technology, improving upon the original version of the innovative product. The initial GM crops had single traits for either herbicide tolerance or insect resistance. Current varieties have both of these traits stacked together and in many cases other abiotic and biotic traits have also been stacked. This innovation requires investment. While this is relatively straight forward, certain conditions need to exist such that investments can be facilitated. The principle requirement for investment is that regulatory frameworks render consistent and timely decisions. If the certainty of regulatory outcomes weakens, the potential for changes in investment patterns increases.
This article provides a summary background to the leading plant breeding technologies that are either currently being used to develop new crop varieties or are in the pipeline to be applied to plant breeding within the next few years. Challenges for existing regulatory systems are highlighted. Utilizing an option value approach from investment literature, an assessment of uncertainty regarding the regulatory approval for these varying techniques is undertaken. This research highlights which technology development options have the greatest degree of uncertainty and hence, which ones might be expected to see an investment decline.
Thematic areas
Additional Information
Type of resource
  • Article (journal / magazine / newspaper)
Identifier
ISSN: 2164-5698 (Print) 2164-5701 (Online) Journal homepage: https://www.tandfonline.com/loi/kgmc20
Publisher and its location
Landes Bioscience
Rights
Copyright © 2014 Landes Bioscience
Format
15 pages
PDF
Source
(2014) Investment, regulation, and uncertainty, GM Crops & Food, 5:1, 44-57, DOI: 10.4161/gmcr.27465
Keywords and any other relevant information
barriers, biotechnology, innovation, investment uncertainty, policy, risk