Study: Biotech crops becoming big business in other countries

12/9/2004 | NYTimes.com

A recently released report says that while the U.S.' $28 billion investment in four biotech crops is unmatched by any other country, other countries are making strides and pouring more money into the GM crop field. The study said Argentina is second behind the U.S., with $8.9 billion worth of GM soybeans and corn in the field, China has planted $3.9 billion of biotech cotton, Canada has $2 billion of canola, corn and soybeans and there are $1.6 billion worth of soybeans in Brazil. The report expects GM crop plantings to soar in Asia, Latin America and parts of Africa.

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