The following is an excerpt.
According to a just-released economic analysis by U.K.-based PG Economics of the impacts of genetic engineering in agriculture from 1996-2011, the net economic benefit at the farm level in 2011 was $19.8 billion, which translates to an average increase in income of $329 per acre. For the entire 16-year period, the increment in global farm income was $98.2 billion—49% of which resulted from lower pest predation and weed-related losses and improved genetics, while the remainder came from reductions in the costs of production.
In 2011, just over half of the gains in farm income accrued to farmers in developing countries, 90% of whom are cash poor and small operators.
View the original article here: GMO Crops Do Help Poor Farmers