UK organization finds no insurance for biotech crops

October 7, 2003 -- CropChoice news: A survey of the five main UK farm insurance underwriters and brokers by the new campaigning organization FARM, found that neither farmers considering growing genetically modified (GM) crops or non-GM farmers seeking to protect their businesses from contamination by GM crops would be able to find anyone willing to give them insurance.

Insurance company spokespeople compared GM crops to Thalidomide, Asbestos and "Acts of Terrorism," according to FARM spokespeople.

All the companies surveyed felt that too little was known about the long term effects of growing these crops on human health and the environment to be able to offer any form of coverage.

FARM released the survey in conjunction with its briefing, "GM Crops: Sorting the Wheat from the Chaff," which, according to the group, sets out the facts about transgenic crops as they will affect practical, working farmers and the markets they produce for - if the Government gives the go-ahead for commercial planting in the United Kingdom.