Genetics technology could lead to more crops, fresher food

Image
AP Boise
Last Updated : Aug 06 2018 | 11:40 PM IST

A multinational agricultural company based in Idaho has acquired gene editing licensing rights that could one day be used to help farmers produce more crops and make grocery store offerings such as strawberries, potatoes and avocados stay fresher longer.

J R Simplot Company today announced the agreement with DowDuPont Inc. and the Broad Institute of the Massachusetts Institute of Technology and Harvard University, developers of the nascent gene editing technology.

Simplot is the first agricultural company to receive such a license. "We think this is a transformative technology it's very powerful," said Issi Rozen, chief business officer of the Broad Institute.

"We're delighted that Simplot is the first one to take advantage of the licensing." There is no evidence that genetically modified organisms, known as GMOs, are unsafe to eat, but changing the genetic code of foods presents an ethical issue for some.

For example McDonald's had declined to use Simplot's genetically engineered potatoes for its French fries.

The food industry has also faced pressure from retailers as consumer awareness of genetically modified foods has increased.

JR Simplot officials declined to say how much the company paid for the licensing rights acquired through a process intended to prevent the technology from being used unethically.

The technology allows scientists to make precise changes to the genome of living organisms and has wide-ranging applications for improving plant food production and quality.

"The issues are about getting the right kind of food produced in the right kind of way," said Neal Gutterson, chief technology officer at Corteva Agriscience, DowDuPont's agriculture division.

"It's important to be able to produce enough food for the nine to 10 billion people who will be on the planet in 30 years." The gene editing technology is called CRISPR-Cas9, the first part an acronym for "clustered regularly interspaced short palindromic repeats."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 06 2018 | 11:40 PM IST

Next Story