Agriculture is being transformed by innovation at a rapid pace. Genetically modified crops are being grown on 190 million hectares worldwide, with on average 20 per cent higher yields and 40 per cent fewer chemicals than their non-GM counterparts. Genome editing (which involves no cross-species DNA transfer) has produced fungus-resistant wheat and disease-resistant pigs. Farmers in Ukraine and Brazil are using satellite and drone data to target fertiliser and pesticide where and when it is needed, reducing the costs and environmental impact of farming. Robots are starting to drive tractors, identify weeds and pick strawberries. New nitrogen-fixing bacteria derived from sugar cane by Nottingham University promises higher yields in maize and rice.
In a new report for the Institute of Economic Affairs, I argue that these changes will bring ecological as well as economic benefits to both producers and consumers, but that Britain risks missing out on these benefits if it fails to adopt new innovations.
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