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 … 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. Potential Negative Impacts . Generally, the main impact to the consumer has been in terms of prices. 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. 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. Might help solve bigger issues facing society like water scarcity, a changing climate, air and water pollution, food waste, and so on . Some argue that regulation, testing and approval of GM foods and crops is not adequate. Only four crops account for 99% of worldwide GM crop area. A … The results suggest that the idea is worth being pursued. Studies have attributed GE to a 6% decrease in corn prices and 10% decreases in soy prices, for example. 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. Many people wonder what impacts GMO crops have on our world. Some sources indicate that there might be some risks to GMO use, and the consensus on GMOs isn’t conclusive. Food is wasted in many different ways, however, many people do not realize how much is lost before it even gets to the store. 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. 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