Source: Genetic Literacy Project – 09 September 2022

This paper updates previous estimates for the global value of using genetically modified (GM) crop technology in agriculture at the farm level. … Over the period 1996 to 2020, the economic benefits have been significant with farm incomes for those using the technology having increased by $261.3 billion US dollars. This equates to an average farm income gain across all GM crops grown in this period of about $112/hectare.

Over the last 25 years, GM crop seed technology has helped many farmers to grow more food, feed, and fiber using fewer resources by reducing the damage caused by pests and better controlling weeds. The highest yield increases have occurred in developing countries and this has contributed to a more reliable and secure food supply base in these countries.