A study conducted by researchers from Peking University, Central University of Finance and Economics, and the University of Finance and Economics highlights the factors affecting the low participation rate in collective cultivation of genetically modified (GM) crops among small farmers in many developing countries.
The study found that expected profitability significantly influences small farmers' willingness to participate in GM crop farming. Farmers are more likely to engage in collective cultivation of GM crops if they see the potential of GM crops to bring profit to their farms. Aside from profitability, the authors said that the perception of relative technological advantages is a critical driver and motivator of adoption behavior among small farmers in resource-limited, competitive market environments.
Risk perceptions about GM crops were also found to significantly reduce farmers' willingness to participate, even when profitability expectations and adaptability are high. Based on the findings, the researchers suggest that promoting GM technology should focus on its potential to improve livelihoods. They also cited policy recommendations for policymakers and agricultural development practitioners to enhance farmers' trust and understanding, market competitiveness, and economic independence
Click here to see more...