GM Supporters Confirm Biotech Crops as Cost Efficient
August 3, 2007| |
In the seminar “Economic Studies on GM Crops”, the Biotechnology Coalition of the Philippines (BCP) has confirmed that the benefits from the cultivation of GM crops and fruits such as rice and delayed ripening (DR) papaya far outweigh the risks. Dr. Nina Barzaga, the new president of BCP, stressed that the funding needed to prove safety and viability through the Program for Biosafety Systems (PBS) is low compared to the long-term profitability of farmers and all those engaged in marketing GM crops and fruits.
BCP said that the technology development for Bt corn is lower at 33% compared to the regulatory compliance which comprised 67% of the total development cost of 128M in 2004. The cost of development for DR papaya on the other hand, was about P35 M, with laboratory comprising 54.16 percent of the cost, 20.56 percent for the greenhouse and 15.19 percent for field tests.
Read the news article at http://www.da.gov.ph/News_events/news2.html.
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