GMO news related to Philippines

07.10.2013 |

Philippines: GM Corn Farmers Lose Lands, Increase Debts

“A vicious cycle of poverty” may sound clichéd, but in the case of Filipino farmers planting genetically modified corn, no statement is more apt and true. Small-holder farmers who were lured by promises of good yields and sure markets pay as much as 20-40% interest per cropping season to financers and traders who also buy the produce at a much cheaper price.

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