Probit regression: Potatoes

The use of biotechnology to create genetically modified products has been haled by some as a major new revolution in product innovation. It could be a technology that will lower the price of food in poor countries and increase nutrient intake for children in third world countries (Council for Biotechnology Education, 2002). In the United States, adoption of GM crops has been rapid. In the year 2000, 75 million acres were devoted to GM corn and soybeans, almost half of the total corn and soybeans planted (Fitzgerald, 2001).