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The world is too hungry to devour genetically modified crops, says tech CEO

A world without enough food is just around the corner և can only be avoided if people forget about the inconvenience of eating genetically modified crops.

According to Federico Trucco, it is the CEO of Bioceres Crop Solutions Corp., a company that is literally trying to put bread on the table with controversial technology.

Bioceres is trying to succeed where it has never before had a company selling genetically modified wheat. While the vast majority of the world’s soybean corn crops are GMOs, they are fed to livestock. Biotechnical wheat, on the other hand, was eaten directly by people with bread and pasta, which had previously been rejected by consumers and regulators. At present, only Argentina, where Bioseres is based, has ever approved GM wheat.

Trucco’s Maltese warning of a shortage of future food comes as world leaders face a return to emissions targets as climate change divides crops, rising food prices are forcing more people to starve.

“It will reach a point where it becomes exponential. Suddenly we have to change things yesterday,” Trako said in an interview. “And I feel that it will rise soon. We are not talking in five years. “

Other companies, including Monsanto, changed their use of GM wheat before merging with Bayer due to strong reactions. Bioceres are still swimming against the tide of fluctuating regulators and frightened consumers.

However, in a matter of weeks, a significant event may occur when regulators in Brazil, a major importer, are scheduled to meet next month. If Brazil approves Bioceres wheat, the company will be able to start selling its first market.

Traco, a descendant of Italian immigrant farmers with a doctorate in plant science from the University of Italy, described the acceptance of GM wheat as “monumental”.

For nearly two decades, New York-based Bioceres և based in Rosario, Argentina, a river city that is Argentina’s crop exporter, has grown both genetically modified wheat and soybeans to withstand droughts, which are becoming more common in the Americas. to Australia. It also invests in a company that injects animal genes to increase the protein content of plants, which is a bet on the growing market for substitute meat.

The new generation of drought-resistant GM crops will help to lower the price and alleviate the instability of recent months.

Bioceres is already negotiating with millers in Brazil to persuade food producers to use their GM wheat strain as it cleans up other parts of the world, including the United States and drought-stricken Australian-Asian countries.

“If we can strengthen our position in Latin America and then persuade other geographies to join their clients in monumental search, we can take a staged approach to making that a reality,” Traco said.

Bioceres plans to sell up to $ 200 million worth of bonds to pay for carbon capture coupons on farms. As Bioceres crops continue to photosynthesize in drier weather, they theoretically take in 6% to 7% more carbon dioxide than other plants.

“We had a very good reception” from investors. “There is interest in trying to understand how GMOs can help with climate change.”

Other important moments of the interview.

– Bond carbon capture targets start with 3,500 meters of CO2 by 2023 – accumulated 156,000 tons by 2025. If Bioceres does not meet the targets, the coupon interest rate will increase.

– Trucco awaits major Chinese approval for Bioceres drought tolerant soybean seeds in the second half of 2021, depending on field test results. Without permission, the company will have to postpone plans to end production in Argentina.

– Bioceres must also change the genetics of its soy technology for its next target markets in the US North and South Canada.

– Speaking of Moolec, an alternative protein company in which Bioceres recently acquired a minority stake, Trucco said: “This is not something we can pursue internally, because there are only so many fights we can take part in.”

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