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Global Impact of Biotech Crops: Socio-Economic and Environmental Effects, 1996-2006 PDF Print E-mail
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Posted by Truth About Trade & Technology   
Friday, 05 September 2008
Ag Bio View
By: Graham Brookes and Peter Barfoot
Original Publish Date: Sep. 1, 2008

Genetically modified (GM) crops have been grown commercially on a substantial scale for eleven years. This paper updates the assessment of the impact this technology is having on global agriculture from both economic and environmental perspectives. It examines specific global economic impacts on farm income and environmental impacts associated with pesticide usage and greenhouse gas (GHG) emissions for each of the countries where GM crops have been grown since 1996. The analysis shows that there have been substantial net economic benefits at the farm level amounting to $6.94 billion in 2006 and $33.8 billion for the eleven-year period (in nominal terms). The technology has reduced pesticide spraying by 286 million kg and, as a result, decreased the environmental impact associated with herbicide and insecticide use on these crops by 15.4%. GM technology has also significantly reduced the release of GHG emissions from this cropping area, which, in 2006, was equivalent to removing 6.56 million cars from the roads.

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1. 05-09-2008 08:05
 
The link given for the full report is incorrect. It should be 
http://www.pgeconomics.co.uk/pdf/agbioforumpaper2008final.pdf
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Biotech crops are sprouting up around the globe. The one billion acre milestone for biotech crops planted and harvested has been exceeded. Watch as we meet and pass the two billion mark as well.
Planted:

Harvested:

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