Justin G. Gardner
Middle Tennessee State University
Richard F. Nehring
Economic Research Service, US Department of Agriculture
Carl H. Nelson
University of Illinois at Urbana-Champaign
In spite of widespread adoption, there is mixed evidence as to whether adopting genetically modified (GM) crops increases farm welfare. One possible reason for widespread adoption is the labor savings. Using a treatment effect model we estimate the time savings associated with adopting a GM crop. We find a significant savings in household labor for soybeans, but not for other crops.
Key words: Genetically modified crops, agricultural biotechnology, endogeneity, treatment effects, survey weights.