Genetically modified technology is absolutely price neutral

  • 14/04/2006

According to you, the net cumulative benefit, since the advent of gm technology in 1996, is US $27 billion. How did you come to that figure?
We considered the legally approved acreage of gm crop across the globe and then economic and environmental benefits were calculated based on nominal price economics.

But nominal price calculations have their limitations, especially because they don't take inflation into account.
Calculating the economics in 21 different countries with different currencies and gm crops is a complicated process, which is why we took to nominal price calculation.

Ideally, the real price based on inflation in different countries should have been taken into account, but the study,