Risky Business: Economic and regulatory impacts from the unintended release of genetically engineered rice varieties into the rice merchandising system of the US

Greenpeace commissioned an independent agricultural economist to investigate the economic consequences of the rice contamination scandal. The report, "Risky Business", produced by Dr. E. Neal Blue of Neal Blue Consulting, Ohio, US and published by Greenpeace International in November 2007, identifies and quantifies the financial impacts on the rice industry and estimates that the costs of the incident worldwide are likely to be in excess of US $1 billion. Bayer's liability could reach several billion dollars, depending on the outcomes of litigation and any punitive damages that may be awarded. We present here in summary the main findings of this report.