The advantages of producing genetically modified crops are
(i) Genetic modification makes crops more tolerant to abiotic stresses, namely cold, drought, heat, salt, etc.
(ii) Genetic modification creates tailor-made plants to supply alternative resources to industries in the form of fuels, starches, pharmaceuticals, etc.
(iii) Most of the crops produced this way are for pest resistance, which increases crop productivity and hence reduces the dependence on chemical pesticides.
(iv) Genetic modification has made it possible to develop crops that enhance nutritional quality. For instance, one of the transgenic varieties of rice, golden rice, is rich in Vitamin A.
(v) They are useful in reducing the losses that are incurred post-harvest.
(vi) Early exhaustion of soil fertility is prevented due to increased productivity of mineral usage by plants.
The disadvantages of producing genetically modified crops are
(i) Danger of introducing undesirable variety as a result of a destructive combination.
(ii) There is a threat of producing super weeds.
(iii) There is a high risk of non-reproduction from genetically modified crops.
(iv) The chemicals that are produced, may cause a rejection in the human insecticides.
(v) Genetically modified crops affect human health as they supply allergens and several other antibiotic resistance markers in the body.
(vi) These crops can affect the native biodiversity in an area as they can cause genetic pollution in the wild relatives of crop plants.
For instance, the Bt toxin, which poses a threat, is used to decrease the amount of pesticide for the benefit of insect pollinators such as the honey bee. If the gene expressed for Bt toxin gets expressed in the pollen, the honey bee might get affected, leading to pollination by honey bees getting affected.