Socioeconomic impacts of GMO market approvals are considered in a broad range of countries including Armenia, Bangladesh, Bhutan, Cambodia, China, Honduras, India, Lebanon, Mauritius, Nigeria, Philippines, South Korea, and the Syrian Arab Republic. Some argue that regulation, testing and approval of GM foods and crops is not adequate. Might help solve bigger issues facing society like water scarcity, a changing climate, air and water pollution, food waste, and so on . But again, the majority of the benefit goes to the farmer, not the consumer. GMO Answers launched ... Or that companies like mine would be demonized in some sectors of society for all manner of alleged impacts on human health and … Only four crops account for 99% of worldwide GM crop area. The results suggest that the idea is worth being pursued. Some sources indicate that there might be some risks to GMO use, and the consensus on GMOs isn’t conclusive. Although current research suggests that GMO foods are safe, there is some concern around their long-term safety and environmental impact ().Here are some of the key concerns around GMO consumption. Studies have attributed GE to a 6% decrease in corn prices and 10% decreases in soy prices, for example. Genetically modified (GM) crops have generated a great deal of controversy. Food is wasted in many different ways, however, many people do not realize how much is lost before it even gets to the store. Thirty countries are producing GM crops and just five countries (United States, Brazil, Argentina, Canada, and India) account for almost 90% of the GM production. There are a few GE traits designed for consumers in mind, one of which are non-browning apples and potatoes. Potential Negative Impacts . The Impact GMOs on the Society In today’s world one-third of the world’s food is wasted – that is around 795 million people who do not get sufficient food to have a healthy life. The global area sown to genetically modified (GM) varieties of leading commercial crops (soybean, maize, canola, and cotton) has expanded over 100-fold over two decades. The rapid adoption of GM technology has had substantial socio-economic impacts which a vast amount of technical and non-technical literature has addressed in the last two decades. Since commercially introduced to farmers in 1996, the global area cultivated with GM crops has increased 94-fold. A … Many people wonder what impacts GMO crops have on our world. Generally, the main impact to the consumer has been in terms of prices. The social acceptance of GMO-free areas was tested in a survey, which was conducted in 1999 in Austria.