Are biotechnology companies the main beneficiaries of GM technologies?

Farmers get a direct profit (12%-21% on average) from growing GM crops via higher yields and lower pesticide applications. A recent study (Brookes and Barfoot, 2011) shows how much GM crops have benefited farmers throughout the world.

Since 1996, farmers globally have gained more than $133 billion in farm income thanks to GM crops, and 70% of this profit was due to increased yields while 30% impeded to reduced production costs (less ploughing, fewer sprayings and less labour).

Source: ISAAA Brief 49-2014: Executive Summary