Before we get into that however, a brief look at last weeks quick poll result. If you listen to the extreme views it's either the answer to feeding an exploding population or the precursor to the end of the world. Read on to find out what the internet has to say on the subject. Not specific to ag biotech but nonetheless still very relevant. Contains a good glossary as well.
Biotechnology is already old hat in the agricultural arena.
They've also listed a bunch slated to be released over the next half dozen years. In short, it means stealing the rights to a biological product. What this means for agriculture is grabbing a certain cultivar that you didn't develop and then sticking a patent on it so that only you have the rights to sell it. Pretty embarrassing if you get caught though. Read the New Scientist article below for one account.