Abstract
This study compared costs and returns between stacked Bt/Ht GM and non-GM maize and identified determinants of GM maize adoption in Southern Vietnam. Data were from the 2016 Summer-Autumn cropping season, one year after GM maize was commercialised in Vietnam. The main economic benefits of GM compared to non-GM maize included increases in yield, revenue and profit by 19.6%, 25.6% and 116.5%, respectively. The major barrier was high seed cost, i.e., 57.9% higher than that of non-GM. The main cost savings in GM maize were labour cost of weeding and pesticide spraying and pesticide cost. The estimates from tobit adoption model suggested that the government's strategy to expand GM maize production should carefully consider an adoption campaign targeted at farmers who own livestock and large farmers. Educating farmers to understand the positive impacts of using GM maize and change their attitudes towards them would also increase adoption.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Technological Learning, Innovation and Development
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.