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Biotechnology Guaranteed US$ 100 K To Average Brazilian Corn Growers In Four Years, According To ABRASEM

SAO PAULO, Jan. 22, 2013 /PRNewswire/ -- The Associacao Brasileira de Sementes e Mudas  ( ABRASEM –   Brazilian  Association of Seeds and Seedlings) has released the sixth edition of studies by  Celeres and  Celeres Ambiental on the economic and social-environmental impacts of the adoption of biotechnology on Brazilian crops.  According to the analysis, the grower of a crop of 50 hectares of insect-resistant corn has already earned an additional return of up to US$ 100,400 since this technology was commercialized in Brazil. The projection is that over the next ten years, this same grower will see an increase of US$ 324,100 in earnings, chiefly due to the increase of productivity that the technology provides.

Evaluating the overall picture for biotechnology in Brazil, taking into account the three crops with transgenic varieties that have already been approved and are in commercial production – corn, soybeans and cotton – the results are also significant.  With the prospect of the approval of new technologies, greater adoption by growers and enhancements of the existing technology, the total economic benefit from the adoption of transgenics in the next ten years should come to US$ 118.2 billion, with 82% of this amount going to the grower.

"ABRASEM has sought to bring results closer to the reality of Brazilian farmers, primarily family farms," explains farmer and ABRASEM President,  Narciso Barison Neto .

ABRASEM's infographic shows the benefits of biotechnology in the Brazilian agriculture ( Click to access )

Productivity gains yield good results and stimulate competitiveness

Another highlight of the study has to do with gains in productivity, which turned out to be the key factor in economic benefits generated for growers, surpassing the reduction of production costs, which had been the dominant factor in earlier studies. This change could also be attributed to the good results for agriculture accruing from the adoption of transgenic corn.

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