Jorge Fernandez-Cornejo, Stan Daberkow, and William D. McBride
Economic Research Service, United States Department of Agriculture
This paper examines the factors that influence the adoption of two emerging agricultural technologies, genetically engineered crops and precision agriculture in corn and soybean production, and contrasts the relative influence of various factors on the adoption decision for these two technologies, with special emphasis on the role of farm size.
Key words: Corn; genetically engineered crops; precision agriculture; soybeans; technology adoption; two-limit Tobit analysis.