QWhat are the beneficial impacts of Genetically modified foods on countries economies?

What are the beneficial impacts of Genetically modified foods on countries economies?

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Posted on August 15, 2017
GMO crops are not "banned" in any countries around the world in the normal sense of that word. Usually when something is banned for consumption, etc., it is because some problem emerged that needed a response. The history of regulation for biotech crops is quite different in that there were regulatory approval processes developed long before any such crops were commercialized. The goal was to try to anticipate any potential health or environmental issues and to make... Read More
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Posted on August 15, 2017
  On average, the recent research that has been conducted on GMOs, on a per product basis is calculated to be an average of $130 Million (and 13 years). This is a per product average, so each product that reaches commercialization in a given year would also cost something similar to this value.   Please see below for additional helpful resources: The Cost and time involved in the discovery, development and authorization of a new plant biotechnology derived trait by Phillips... Read More
Posted on March 2, 2017
These are definitely questions that many people are asking and researching to come up with answers.  In a day and age when a person can go to their smart phone to find a restaurant or search for directions, our society is definitely accustomed to finding answers quickly.   Unfortunately, complex issues take more time for the scientific community to research and develop answers. History is full of examples such as genetics, which started with the work of Gregor Mendel in 1856 and... Read More
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