Potential Market for Non-GMO Corn and Soybeans
Bruce A. Babcock, John C. Beghin
October 1999 [99-BP 27]
Demand for non-GMO (genetically modified organism) corn and soybeans is high in the EU and Japan, which are two of the largest markets for U.S. corn and soybeans. This presents a potential problem for markets if U.S. processors find themselves scrambling to locate and purchase non-GMO crops. By looking at how the 1998 U.S. corn and soybean crops were used, Babcock and Beghin project possible demand in the 99/00 marketing year for non-GMO corn and soybeans.
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