GMOs boost Brazil by $25 billion in 17 years
The adoption of genetically modified crops had benefited Brazil to the tune of $24.8 billion from 1996 to 2013, according to market research firm Celeres. Of that, around $6.5 billion came in the last surveyed planting season (2012/13). Some 28% of the accumulated benefits had come from cost reductions including lower pesticide costs. Farmers gained the vast majority of benefits at $19.8 billion, with the GM crop industry gaining some $5 billion.