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Global value of GM rice: a review of expected agronomic and consumer benefits

Paper ID Volume ID Publish Year Pages File Format Full-Text
33328 44971 2013 11 PDF Available
Title
Global value of GM rice: a review of expected agronomic and consumer benefits
Abstract

•GM rice plays a potential role in the alleviation of poverty, hunger and malnutrition.•Benefits of agronomic GM rice traits are similar to commercialized GM crops.•These traits are expected to generate sizeable effects on food prices and poverty.•Trade effects are predicted to be negligible compared to domestic welfare effects.•Expected benefits of consumer GM rice traits are higher by one order of magnitude.

Unlike the other major crops, no genetically modified (GM) varieties of rice have been commercialized at a large scale. Within the next 2–3 years new transgenic rice varieties could be ready for regulatory approval and subsequent commercialization, though. Given the importance of rice as staple crop for many of the world's poorest people, this will have implications for the alleviation of poverty, hunger and malnutrition. Thus, policy-makers need to be aware of the potential benefits of GM rice. We provide an overview of the literature and discuss the evidence on expected agronomic and consumer benefits of genetically engineered rice. We find that while GM rice with improved agronomic traits could deliver benefits similar to already commercialized biotechnology crops, expected benefits of consumer traits could be higher by an order of magnitude. By aggregating the expected annual benefits, we estimate the global value of GM rice to be US$64 billion per year. This is only an indicative value, as more GM varieties will become available in future. Nevertheless, such a figure can help guide policy-makers when deciding on the approval or funding of biotechnology crops and it may also raise awareness among consumers about what is at stake for their societies.

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Global value of GM rice: a review of expected agronomic and consumer benefits
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Publisher
Database: Elsevier - ScienceDirect
Journal: New Biotechnology - Volume 30, Issue 5, 25 June 2013, Pages 426–436
Authors
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Subjects
Physical Sciences and Engineering Chemical Engineering Bioengineering
Get Full-Text Now
Don't Miss Today's Special Offer
Price was $35.95
You save - $31
Price after discount Only $4.95
100% Money Back Guarantee
Full-text PDF Download
Online Support
Any Questions? feel free to contact us