Are GMOs doomed on the global market? Farmers in the U ED med .S. Are beginning to wake-up to the fact that modified crops are poor business indeed genetically. With countries around the global world going for a firm stand against GM imports, not only are farmers who develop GMOs suffering from dwindling export opportunities, but also those whose crops have been cross-contaminated with genetically modified pollen. A striking example can be when China took a hardcore stance in November 2013 and declared an import ban on U.S. Corn following detection of genetically modified Bt protein . According to industry economic research, this little mishap price upwards of $4 billion in income losses for U.S. Soybean and corn industries.
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