Source: GENETIC LITERACY PROJECT, 5/15/18
The US Department of Agriculture’s recent decision to stay out of the business of regulating gene-edited crops could be a game changer for a sector long dominated by a handful of companies armed with massive research and development budgets. High regulatory hurdles imposed on GMO crops – those developed through transgenic breeding techniques involving the movement of genetic material between unrelated species – created an environment where only corporations such as Monsanto, Syngenta and DuPont could afford to develop new GM seeds. It has been estimated that it takes 13 years and $130 million to bring a GMO crop to market.
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