Q: What impact will biotechnology have on the agrifood industry?

Short answer: It's too early to really know


On one hand...

On the other hand...

Mergers and aquisitions create big biotech companies controlling more levels of the industry. The biotech - generated variety has to offer an economic advantage to the farmer or it won't be bought and planted.
Some specialized transgenics (eg. plants producing plastics) will always need growing, handling and processing separate from food crops. Transgenic food crops probably will not be permitted to be resistered unless they can be grown, handled, processed and sold without special procedures.
There is some resistance to transgenic products among consumers and governments. Most consumer surveys indicate majority of consumers unconcerned about biotech. As transgenic technology gains wider acceptance, those countries that do NOT invest in the technology will be at a disadvantage.
Transgenics offer a wider range of choices to farmers:
  • more varieties specifically tailored to solve a specific problem (eg. resistance to a specific disease, pest, herbicide, or stress)
  • faster response of breeders to new pests, new market demands
More choices could mean more chances to make the wrong decision about what to plant.
Many novel crops are likely to be proprietary, and may not be grown by independent farmers.
  • "nutraceuticals" - drugs or vaccines produced in plants
  • specialized products eg. plants that produce plastics
  • bioremediation crops
There may be opportunities for individual farms or goups of farms to grow specialty crops under precisely-defined conditions on a competitive contract basis.
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