Bio Technology Essay
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The short-term future of biotechnology in production agriculture looks bleak. The unattractive truth is that economics, not science can play a larger role in the future of biotechnology.
Currently, some of the largest biotech companies are losing money buying up smaller companies. This reduction in competition is good and bad for the biotech companies. They can and must raise their prices to the producers to cover the costs of buying the other companies, research and development.
International demand is low for genetically engineered crops and livestock because of trade restrictions, resulting...
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