The Impacts of Biotechnology on the Grain Processing Industry

Abstract

In this paper, the initial impact of biotechnology in the grain industry is discussed. It is argued that the expected "going-in" value of grains bioengineered for quality improvements has not been fully realized. Anticipation of this value, however, has induced innovation for more cost-effective ways of extracting added value from common grains through information technologies. In the future, however, the emergence of higher-value grains will lead to the expected value creation; and will promote the development of high-efficiency, dedicated processing facilities that promote the extension of value through to the end customer.