Wednesday, March 12, 2003

Farmers beg the USDA to perform a glaringly obvious impact statement to find out how much money they'll lose when Roundup-Ready wheat is introduced [Cropchoice | Reuters].

UPDATE [3/13]: Looks like Iowa State already did it [Reuters]:

"Important market indicators point to a high risk that up to 30 to 50 percent of the foreign market for U.S. HRS wheat and even more of the U.S. durum wheat exports could be lost if HRS GMO wheat is introduced into the U.S. now or in the next two to six years," the report states.

The study estimated that prices will drop at least 32 percent for hard red spring wheat as it would move into animal feed marketing channels.

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