N CHANDRASEKHARA RAO (pix) from the Institute of Economic Growth, Delhi discussed the impact of biotechnology on farmers’ welfare and poverty reduction in his paper published in the Agricultural Economics Research Review.
“The peer-reviewed research findings suggest higher yields, higher net income and lower chemical use with conservation tillage.
The most recent meta-analysis estimated 22 percent yield gain associated with 39 percent reduction in plant protection expenditure and 68 percent higher net income. The longitudinal studies have shown that cultivation of these crops over the past 19 years has resulted in gains of 150 billion US Dollars to world agriculture.
However, weeds developing resistance in some countries and pink bollworm becoming resistant to Bollgard II in India underline the need to combine agronomic measures for an effective pest management,” Rao discussed in his article.
He also outlined a policy framework for biosafety, labelling, and transboundary movement in accordance with the Cartagena Protocol.