AUS – 20 YEARS OF GM CROPS
Economic report signals end for GM barriers
The Land – 06 June 2016
RESULTS of a new economic report, showing Genetically Modified crops have increased farmer incomes by $1.37 billion in Australia since 1996 while drastically cutting greenhouse gas emissions, reinforces why unnecessary State-based moratoria should end, supporters say.
An independent report released today by Graham Brookes of UK-based PG Economics says in the past 20-years, Australian cotton and canola farmers have gained $1.37b worth of extra income and produced an additional 226,000 tonnes of canola that would otherwise have not been produced, if conventional technology was used.
It also said GM crop technology has enabled Australian farmers to reduce their use of insecticides and herbicides by 22 million kilograms of active ingredient, equal to a 26 per cent improvement in the environmental impact associated with pesticide use on the two crops.
“This reduced use of pesticides has also resulted in a saving of nearly 27 million litres of fuel use and 71.5 million kilograms less carbon dioxide being released into the atmosphere,” it said.