Agriculture20080310 - Agriculture The next green revolution Feb 21st 2008 | NEW YORK From The Economist print edition Europe may not like it but

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Agriculture The next green revolution Feb 21st 2008 | NEW YORK From  The Economist  print edition Europe may not like it, but genetic modification  is transforming agriculture FOR a decade Europe has rebuffed efforts by biotechnology firms such as  America's Monsanto to promote genetically modified crops. Despite scientific  assurances that genetically modified organisms (GMOs) are safe for human  consumption, and a ruling by the World Trade Organisation against national  import bans in the European Union, many Europeans have yet to touch or  taste them. But that may soon change, according to Iain Ferguson, boss of  technology. ..is a fact of life,” he said this week.  Mr Ferguson, who is also the head of Britain's Food and Drink Federation,  argues that because many large agricultural exporters have adopted GMOs, it  is becoming expensive to avoid them. Copa-Cogeca, a farmers' lobby, this  week warned that the rising cost of feed could wipe out Europe's livestock  industry unless bans on GMOs are lifted. Meanwhile, European agriculture  ministers failed to agree on whether to allow imports of GM maize and  potatoes; the decision will now be made by the European Commission, which  is likely to say yes.  If it does, it will be a victory for Monsanto. But the firm is already enjoying an  even sweeter form of revenge: huge commercial success. It has had three  straight years of revenue and profit growth, and on February 12th it raised its 
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profit forecast for the fiscal year for the second time in two months. Monsanto 
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This note was uploaded on 05/17/2010 for the course GEC 12100 taught by Professor Yen during the Spring '10 term at National Tsing Hua University, China.

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Agriculture20080310 - Agriculture The next green revolution Feb 21st 2008 | NEW YORK From The Economist print edition Europe may not like it but

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