Contamination of US rice crops with Bayer's genetically-engineered (GE) rice impacted rice markets and cost farmers hundreds of millions of dollars in damages.
Executive summary: In August 2006, rice markets worldwide were rocked by the US Department of Agriculture’s (USDA) announcement that the US rice crop had been contaminated by unapproved Bayer GE rice with genetically-engineered herbicide resistance. A cascade of costly events ensued. The ultimate cost to the US rice industry was between $741 million and $1.29 billion US dollars, plus costs to foreign companies and still-undetermined legal damages against Bayer. The origin of the contamination remains unexplained to this day.
Number of pages: 2
Counting the Costs of Genetic Engineering - the report documents numerous case studies demonstrating the adverse environmental, economic and social impacts of genetic engineering, suggesting sustainable agricultural solutions instead.
The costs of staying GE free
GE Contamination Devastates Canadian Linseed Industry