It’s official: genebanks valuable

by Luigi Guarino on January 24, 2013

You may remember that back in the summer we blogged about a project to assign a monetary value to the Greek genebank. Well, although the project’s website says nothing about any results yet, a video has surfaced which does give some numbers. Here’s the money shot:

greece

And that’s just insurance value. Add to that productivity benefits (which unfortunately are not given in the film), and divide by what it costs to run the place (idem), and you find that “the comparison is favourable — the benefits far far exceed the costs, which means that having the genebank, investing in the genebank, maintaining and developing the genebank, is a desirable policy.” Well, that’s kinda expected, but it’s good to hear it from a Professor of Economic Theory and Policy. We all, I’m sure, look forward to seeing the spreadsheet. Because yeah, sure, money isn’t everything, but it does talk. Especially, these days, in Greece.

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