Report touts GM crop benefits
Tuesday April 23 2013
Genetically modified (GM) crops provided a net economic benefit of nearly $20billion (€15bn) to farms in 2011, according to a consultancy report.
The PG Economics study, GM crops: global socio-economic and environmental impacts 1996-2011, claims biotechnology resulted in an average increase in farm income of $133 per hectare in 2011. This is equivalent to having added 6.3% to the value of global production of the four main crops of soyabeans, maize, canola (rapeseed) and cotton. For the 16 years between 1996 and 2011, the global farm income gain amounts to $98bn.
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