Washington, D.C. (October 3, 2022) – Today, a coalition of leading food and agriculture industry stakeholders in both Mexico and the United States released a new study revealing the broad impacts of Mexico’s proposed ban on biotech corn. The report, which was conducted in September 2022 by World Perspectives Inc., reveals that the proposed restrictions would adversely impact food security in North America and raise consumer prices for corn, basic foods, and other critical products derived from corn, particularly in Mexico. Beyond direct commodity impacts, the study shows that banning all biotech corn could affect Mexico’s GDP to the point that it would fall by $11.72 billion over 10 years, and economic output would be reduced by $19.39 billion. Additionally, there would be an annual loss of 56,958 jobs, which would reduce labor income by $2.99 billion. “Like any other North American sector, agriculture must continue to innovate to meet 21st-century challenges. That is why we believe in science-based agricultural policies that improve agricultural production and sustainability,” said Juan Cortina Gallardo, President of the National Agricultural Council of Mexico. “The U.S. - Mexico trading partnership has contributed greatly to the food security and economic vitality of both countries,” said National Corn Growers Association President Chris Edgington. “That’s why we should do everything possible to ensure that the relationship continues in a fair and mutually beneficial way.” Read the full report and executive summary. Should the proposed restrictions be implemented, the study found that the average cost of corn would increase 19% and tortilla prices would rise 16% on average. In the first year of the ban, non-GM corn prices would rise 48% to $8.14/bushel and Mexico would pay an additional $571 million for imported corn. Price increases in corn protein, fiber, oil, and thousands of processed foods distributed by tens of thousands of Mexican food retailers…