Biotech crops needed to insure adequate supply of food, fiber

Brandon, Hembree
December 2004
Southeast Farm Press;12/1/2004, Vol. 31 Issue 27, p21
Trade Publication
The article reports on the requirements of the biotechnical crops. Forecasts indicate that the agricultural chemical and agricultural biotechnology markets will continue to grow over the next five years. Worldwide sales of agricultural chemicals is forecast to reach $27.3 billion by 2008. Genetically modified crops have carved a substantial niche in the overall seed market. The reduction in sales of conventional seeds has been more than offset by sales of genetically enhanced seed. There shall be growing opportunities for genetically modified seed and the expansion of this technology around the world will be significant.


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