November 2012

Source: Crop Biotech Update

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.

GENETICALLY MODIFIED PLANTS AS A FACTOR OF GAIN GROWTH AT THE FARM LEVEL
Tatjana Papić-Brankov, PhD
Koviljko Lovre, PhD

Abstract:
Genetically Modified (GM) plants have been grown on significant areas since 1996. This article considers the distribution of global impact (gain) realized through growing of the first generation of GM crops. Economic research starts with proofs that GM plants can generate the gain at the farm level if the serious production problems are solved and farmers have free access to the new technologies. Independently of the differences in evaluation of values and distribution of economic benefit, one third of global gain in average (37%) belongs to the innovators (gen creators and seed distributors) while two thirds (63%) belong to farmers and small consumers.

Article: http://www.eknfak.ni.ac.rs/Ekonomske-teme/et2011-2en.pdf#page=118

Website: http://www.isaaa.org/kc/

Published: November 26, 2011