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What is the appropriate level of regulation of biotechnology-enhanced products? Should the Legislature pass a law requiring state labeling or regulation of biotechnology-enhanced products? Should the state, through the University of Minnesota and other research institutions, facilitate and encourage scientific research in biotechnology?
Biotechnology is an important part of U.S. and Minnesota agriculture. According to USDA estimates, 93 percent of the soybeans grown (92 percent in Minnesota) and 86 percent of the corn grown (88 percent in Minnesota) in the United States are of a biotechnology variety. The state’s farmers have been quick to adopt this technology because it enables them to protect their crops from insects and disease while at the same time improving yields with less impact on the environment. Food biotechnology may well lead to the creation of disease-preventive foods and more effective drugs and vaccines.
The biotechnology industry has grown rapidly in recent years, more than doubling in size since the early 1990s. A recent study by Ernst and Young Economics Consulting estimated that the combined direct and indirect activities of the biotechnology industry contributed more than 437,000 jobs and $70 billion in revenues to the U.S. economy. New advances in genomics research and drug development will accelerate the industry's contributions to human sciences, agricultural production and environmental quality in Minnesota.
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