According to The Sydney Morning Herald, a report issued by The Rural Industries Research and Development Corporation claims that Australia risks being left behind if states continue in their resistance to GM crops on a wider scale.



Although genetically modified cotton and carnations are currently grown in Australia, most states have placed a moratorium on commercial GM crop planting, fearing it may jeopardize Australia's non-GM crop markets.



The report found that Australia could stand to gain as much as $37 million if it allowed GM crops and if the EU dropped its ban as well. It contends that a continued ban could also drive Australian scientists to countries more supportive of GM technology.