Rabobank sees that expectations for gene edited crops are high, and significant growth in their adoption is projected in the years ahead. “GE technology has the potential to solve issues across the food supply chain for all stakeholders. It can increase crop productivity without expanding farmland area, reduce food waste, reduce harmful substances in food, and reduce pesticide use, among other things,” said Chia-Kai Kang, farm inputs analyst, Rabobank.
Although the exact timeline for the adoption of GE seeds is hard to estimate, it is expected that adoption rates will surpass 50% within five to ten years.
Kang outlined how there are at least five factors that will determine if a GE crop can achieve a high adoption rate: 1) product performance, such as quality, yield, and consistency in performance; 2) possible long-term risks, such as allergic and toxic reactions; 3) disruption to trade flows due to export bans on GE crops; 4) the marketing power, selling strategy, and distribution network of the input company; and 5) access to technology.
“The development of GE brings new technology to the table that involves only editing the existing genes of the plant. This solves one of the major criticisms of GMOs and brings fewer ethical concerns, as well as fewer regulatory constraints in some countries.”
