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Report Shows That Biotech Soybean and Maize Can Generate US$150 Million in Bolivia

07:49 EST 9 Mar 2017 | Meridian Institute

A new report, “Socioeconomic Impact and Environment in Bolivia from Genetically Improved Soy and Maize,” released by the Association of Producers of Oilseeds and Wheat (Anapo), the Bolivian Institute of Foreign Trade (IBCE), and the Agricultural Chamber of the East (CAO) finds that the adoption of genetically modified (GM) soybean and maize in Bolivia could generate US$150,000 of additional income for the country. The report was based on the 10-year history of using glyphosate-resistant soybean in Bolivia, which was first adopted in 2005. According to Gary Rodriguez, the general manager of the IBCE, biotech soybean adoption would reduce the use of insecticides, saving US$66 million per year, and would increase production by 200,000 tons, resulting in a US$50 million profit per year. Biotech maize would lead to an income of US$11 million, he said. In addition, said Rodriguez, the products would result in 7,000 tons of reduction in carbon dioxide emissions and the saving of 120 million liters of water.

Original Article: Report Shows That Biotech Soybean and Maize Can Generate US$150 Million in Bolivia

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