Crop Biotech Update

Biotech Crops Contribute ~US$127,000M to Argentina's Economy

December 14, 2016

Biotech crops contributed an estimated amount of US$126,969.27 million of gross benefit to Argentina from 1996 to 2016. This is according to a report released by the Argentine Council for Information and Development of Biotechnology (ArgenBio).

The majority of these benefits (66%) went to farmers, while the remaining portion went to the government (26%) and technology providers (8%). The report also stated that the surplus brought about by the technology created over 2 million jobs over the two-decade period.

Environmental benefits of planting GM crops were also highlighted in the report. The synergy between GM crops and no-till farming practices led to conservation of soils, decreased greenhouse gas emissions, and energetic efficacy of crop management.

Read the report from ArgenBio.