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South American boost from GMOs

Southern cone nations of South America had increasingly benefited from the adoption of genetically modified crops by 2009-10, according to the International Service for the Acquisition of Agri-biotech Applications (ISAAA). The technology boosted incomes in Argentina by some $1,100 million in 2009 alone, it reports. The country was a pioneer in GMO technology, with the first approval for Monsanto’s glyphosate-tolerant Roundup Ready soybeans coming in 1996. The use of GMOs in Uruguay boosted farm incomes by $68 million from 2000 to 2009, with $17 million coming in the last of those years. The other adopters in the region were Paraguay, which enjoyed economic gains of some $572 million between 2004 and 2009, and Bolivia, which saw a return of some $165 million in 2010 alone, the Service says.

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