Biotech Updates

GM Plants as a Factor of Gain Growth at the Farm Level

November 25, 2011

Tatjana Papić-Brankov from the European University and Koviljko Lovre of the University of Novi Sad published an article about the economic impact of the first generation of GM crops. They said that biotechnology has been one of the key determinatives for global processes in economy. Private producers have achieved economic benefits in the developed countries.

According to the report, "one third of global gain in average (37%) belongs to the innovators (technology creators and seed distributors) while two thirds (63%) belong to farmers and small consumers." They said that GM plants can have more impact at the farm level if the problems in production are solved and farmers would have free access to new technologies.