Jolly, Robert W.; Lence, Sergio H.

Choices Vol. 15 no. 1 (First Quarter 2000): 18-23.

New biotechnologies and associated organizational changes may affect farmland values and rental rates, in so doing, influence the distribution of benefits and costs from these innovations along the agricultural value chain. The magnitudes of the resulting changes in the rental rates and values of farmland, as well as the distribution of benefits and costs, will depend on the characteristics of the innovations, the degree of competition within the input industry, and land tenure and ownership.