Indian cotton farmers have earned more income per hectare than their US counterparts, thanks to the adoption of genetically modified technology developed by companies like Monsanto, says a UK-based agri-economist. ”Farmers in developing countries like India are having better farm income benefits compared to the US, Australia and Argentina,” agri-economist Graham Brookes told PTI. After paying for GM technology, cotton farmers in India have earned an additional average income of 225 dollars (Rs 9,956) per hectare between 2002 and 2006 against 94 dollars per hectare in the US and 133 dollars per hectare in Argentina, he said.