Cost Of GMO Food Labeling

Cost Of GMO Food Labeling

Both Washington and California consumers voted no on Initiatives for GMO food labeling. Vermont voters on the other hand recently passed a bill that will require the labeling of all foods containing ingredients from genetically modified crops by July 2016. The GMO food labeling war has prompted numerous studies on the subject. The latest study released from Cornell University found that a GMO food labeling law such as the one passed in Vermont and now being considered in New York would cost a family of four roughly $500 more a year, perhaps even upwards of $800. As I have said before, here in lies the rub. A large percentage of consumers admit to not knowing a lot about GMO foods and whether they pose any actual health risks. Their fear is that they might; stressing the point that GMO labeling isn’t so much about the health dangers of genetically modified foods, but about the consumer’s right to know what’s in their food. Consumers remain split down the middle when it comes to really caring whether the foods they eat have been genetically modified. The bottom line for most consumers is “what is biotech labeling going to cost me?” Apparently, quite a lot.
 
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