Updated on 25 April 2016
the ISAAA said a total of 2 billion hectares of biotech crops were successfully cultivated in 28 countries during the 20-year period
Singapore: According to a data from the International Service for the Acquisition of Agri-biotech Applications (ISAAA), plantation of genetically modified corn has earned Filipino farmers an estimated $560 million during the period from 2003 to 2014.
In an interview with a leading daily, Philippine Maize Federation Inc. President, Mr Roger Navarro told, "The data shows that we have to invest in technology that will improve farmers' income. The increase in the country's corn supply has also benefited the country's livestock sector."
The ISAA also mentioned in their report that the technology benefitted nearly 18 million risk-averse farmers of whom, remarkably, 90 percent were small, resource-poor farmers in developing countries. The ISAAA also said that annually a total of 2 billion hectares of biotech crops were successfully cultivated in 28 countries during the 20-year period.
ISAAA Global Coordinator and Southeast Asia director, Mr Randy Hautea, said, "In terms of the total performance of the corn industry, [GM corn] has helped us achieve self-sufficiency. It also supports directly the growing livestock industry of the Philippines, as well as its aquaculture, which are both dependent on feeds."
Expressing optimism over the new regulations favouring GM crops, Mr Hautea added that the move would help foster the Filipinos' access and use of GM technology.