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Oilseed rape, millet, pulses and sugar cane are among the crops to be investigated.
BBC: NEWS | Science/Nature | India unveils six-year GM plan
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Farmers would be banned from using them with sunflowers, oilseed rape, cotton and maize.
BBC: Science & Environment
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This happened to America in the early 1970s, when President Nixon banned oilseed exports to keep down domestic prices.
ECONOMIST: Export restrictions
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His losses from the oilseed rape alone account for thousands of pounds and he said others in the area were in a similar position.
BBC: Herefordshire crop failures lead to farming losses
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And he said oilseed rape was suffering from an unusual side-effect.
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"In mid July what we found was the bees had been visiting primarily rose, blackberry and sweet pea, with a bit of oilseed rape, " said Professor Newbury.
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Cargill, which is privately owned, has been doing business since 1986 in Venezuela, where its operations include oilseed processing, grain and oilseeds trading, animal feed, salt, and financial and risk management.
CNN: Chavez orders nationalization of Cargill
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But in its recent economic review, Britain's Cabinet Office noted that the financial benefits that might accrue to British farmers from planting, say, herbicide-resistant oilseed rape are unlikely to compensate for the lack of a market should their main customers shun the stuff.
ECONOMIST: Genetically modified food: Far less scary than it used to be | The
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"Given that global and U.S. grain inventories remain very tight, grain prices will continue to reflect growing conditions and yield potential for both U.S. and global crop production, " Agrium said, citing a June report from the U.S. Department of Agriculture, which anticipates global grain and oilseed stockpiles to scrape 35-year lows through 2009.
FORBES: Agrium Cropping Up A Strong Year