Crop biotechnology has continued to provide important economic and production gains, improved incomes and reduced risk for farmers around the world, according to the seventh annual report on crop biotechnology impacts prepared by UK-based PG Economics. More than half (55 percent) of the 2010 farm income gains went to farmers in developing countries, 90 percent of whom are resource-poor smallholders, the report said.
“The advantages of advanced seed technology for farmers in developing countries come at a time when food availability is becoming more of an issue around the world,” said Dr. Cathleen Enright, executive director of the Council for Biotechnology Information (CBI).
“The population continues to grow, but for many farmers, their ability to produce food remains stuck in the past,” she said. “In order to double food production by 2050 to meet demand, new seed technologies must be utilized. READ MORE »