FREE ESSAY ON BIO-TECHNOLOGY

BIO-TECHNOLOGY

The short-term future of biotechnology in production agriculture looks bleak. The
unattractive truth is that economics, not science can play a larger role in the future of
biotechnology. 
Currently, some of the largest biotech companies are losing money buying up smaller
companies. This reduction in competition is good and bad for the biotech companies. They
can and must raise their prices to the producers to cover the costs of buying the other
companies, research and development. 
International demand is low for genetically engineered crops and livestock because of
trade restrictions, resulting in low prices for US farmers and ranchers. They cannot
afford to pay so much for their inputs, so they settle for cheaper inputs. 
If we, the future of agriculture can increase the demand for biotech products by
educating the world on the advantages of biotech products and reduce trade restrictions;
decrease the costs of inputs and increase prices to consumers, then the scientists can do
the rest. 
As soon as we can get past the economic glass ceiling, then the sky is the limit for
biotechnology in production agriculture.