GMO Labeling Won’t Increase Food Prices
This must be the strategy of genetically engineered, or “GMO,” labeling opponents who continue to falsely claim that labeling will cost the average family $500 a year.
This claim – based on a widely discredited “study” – is so bogus that the Washington Post’s Fact Checker gave it three Pinocchios.
Now the Corn Refiners Association – you know, the people who defend high fructose corn syrup – say that GMO labeling will cost an average family more than $1,000 a year.
The truth is, food companies change their labels all the time to highlight innovations or make new claims. Adding a few words to the back of the package as part of a routine label change will have no impact on the cost of making food, studies show.
It’s also the case that GMO labels will not act as a warning, as some farmer and food companies fear. In a recent study, two agricultural economists found that the mere presence of a GMO label did not increase consumer concern.
Two economists with the U.S. Department of Agriculture came to a similar conclusion after studying the behavior of consumers in countries that require GMO labeling. Their study found that most consumers make “hasty” choices in the grocery store and look only for one or two attributes – like price or calories.
Real-world experience tells us a lot.
Read more here.