Crop Biotech Update

Agricultural Biotechnology Playing Bigger Role In Food Output

April 29, 2011

A CNBC special report was released about the role of agricultural biotechnology in the economics of food supply. According to the report, the rising global population puts a great challenge to the farming industry to increase the availability and sustainability of crops. Representatives of different agricultural biotech companies shared their different efforts to meet the global food demand.

"On average, about 35 percent of the global crop production is reduced by diseases and pests," says Sharon Bomer Lauritsen, executive vice president, food and agriculture, at the Biotechnology Industry Organization (BIO). "Through the adoption of insect resistance, you reduce that damage caused to the crops. Through herbicide tolerance being incorporated into the plant, farmers can kill weeds more easily and still have a healthy crop."

Read the special report at http://www.cnbc.com/id/42572371.