Filipino Farmers Losing PHP33.85 Billion Due to Delays in Commercializing Bt EggplantJuly 25, 2018
The Philippines is losing as much as PHP33.85 billion (US$634 million) because of the delay in commercializing the insect resistant Bt eggplant, according to Dr. Cesar Quicoy, an economist from the University of the Philippines Los Baños.
Dr. Quicoy studied the cost of delaying the commercialization of Bt eggplant in the country in three different adoption rate scenarios: 15%, 30%, and 50% of the total eggplant production. At a 50-percent adoption rate, eggplant producers could have earned at least P33.852 in potential revenue in the first year of Bt eggplant commercialization. By the 10th year of adoption, Filipino farmers could have gained a total of P374.889 billion. The crop, developed by the Institute of Plant Breeding UPLB, could double the net income of farmers.
Dr. Quicoy presented the results of his study during The Economics of Biotech Crops: A Symposium to Promote Economic and Financial Literacy symposium held on July 17, 2018 at the SEARCA Umali Auditorium, Los Baños, Laguna, Philippines.
Read more from Business Mirror.
The Crop Biotech Update is a weekly newsletter of ISAAA, a non-for-profit organization. The CBU is distributed for free to over 23,000 subscribers worldwide to inform them about the key developments in biosciences, especially in agricultural biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
See more articles:
News from Around the World
- Society Needs Radical Adaptation to Attain Nutritional Needs in 2050
- Global Biotech Seeds Market to Grow by 9.87% in 2022
- USDA APHIS Deregulates Herbicide Resistant GE Cotton
- Purdue Study Finds Key to Plant Growth Mechanism
- Iran Starts Labeling GM Food
- Filipino Farmers Losing PHP33.85 Billion Due to Delays in Commercializing Bt Eggplant
- Public Participates in Golden Rice Consultations in PH
- Scientists Restrict Bt Gene Expression in Insect Biting Sites
- Researchers Find New Candidate Genes for Disease Resistance in Tomato
Plant Breeding Innovations
- CRISPR-Edited Tomatoes with Reduced Ethylene Production
- Gene Controlling Megaspore Mitosis in Arabidopsis Found
- FZP Controls Sterile Lemma in Rice Grains
- Organizations, Scientific Leaders Send Open Letter to EC President about Plant Genome Editing
Beyond Crop Biotech
- PsFAD3 Gene Involved in ALA Accumulation in Tree Peonies
- Researchers Develop CRISPR-Cas9 Editing Techniques for Ralstonia eutropha
- Plant Genomics & Gene Editing Congress: USA
- Randy A. Hautea Memorial Fund
- Report Identifies 5 Breakthoughs to Advance Food & Agricultural Research by 2030
- Food Matters: Food Security and The Future Of Food
Subscribe to CBU: