Ten Reasons Why Farmers Should
Before Growing GE Crops
E. Ann Clark, Plant Agriculture,
University of Guelph(eaclark@.uoguelph.ca)
The tide appears to be turning against GE crops, but if what you read in the farm
press is any indication, farmers will be the last ones to know it. The future of
agricultural biotechnology is in serious jeopardy, as consumers, grain buyers, processors,
and supermarket chains line up around the world refusing to buy GE products.The Deutsch
Bank, largest bank in Europe, has gone public with its concerns, advising thousands
of institutional investors across the world to sell GE. And so they have, affecting
not just stock prices but encouraging major life science companies to consider spinning
off their GE divisions - if anyone will buy them. Don’t believe it?
Have a look at a revealing report entitled Ag Biotech: Thanks, But No Thanks?
(www.biotech-info.net/Deutsche.html) which was published in July 1999 by the Deutsche
Bank, the largest bank in Europe. They stated that “Thirty days ago, the investment
community accorded only positive attributes...to GMO corn and soybean...Today, the
term GMO has become a liability. We predict that GMOs, once perceived as the driver
of the bull case for this sector will now be perceived as a pariah.”
This highly influential report was sent to thousands of the world’s largest institutional
investors. It concluded by down-rating Pioneer Hi-Bred from HOLD to SELL, coupled
with a broad negative recommendation for the seed sector in general .
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