A new research, conducted by the UK-based PG Economics Limited, has claimed that the use of biotech crops had resulted in an increase of $78.4 billion in global farm income during 1996 and 2010.
“If crop biotechnology had not been available to the 1.54 crore farmers (who used the technology in 2010), maintaining global production levels at the 2010 levels would have required additional planting of 51 lakh hectares of soyabeans, 56 lakh hectares of corn and 30 lakh hectares of cotton,” Graham Brookes, Director of PG Economics, has said.
He was addressing a press conference along with V. Ram Kaundinya, Chairman of ABLE-AB and Seetharama Nadoor, Executive Director of Association of Biotechnology-led Enterprises (ABLE-AG) here on Tuesday.
He claimed that crop biotechnology had contributed to significantly reducing the release of greenhouse gas emissions from agricultural practices. “It also reduced pesticide spraying by 438 million kg in 15 years,” he said.