By michael - October, 8th 2014

A new analysis commissioned by Consumers Union, the policy arm of Consumer Reports, and conducted by the independent Portland-based economic research firm, ECONorthwest, found from a review of published research that the median cost to consumers of requiring labeling of genetically engineered food, also known as genetically modified (or GMO) food, is $2.30 per person annually.

A new analysis commissioned by Consumers Union, the policy arm of Consumer Reports, and conducted by the independent Portland-based economic research firm, ECONorthwest, found from a review of published research that the median cost to consumers of requiring labeling of genetically engineered food, also known as genetically modified (or GMO) food, is $2.30 per person annually.

“That’s less than a penny a day for each consumer — a tiny fraction of the cost estimates put out by industry and certainly a very small price to pay for consumers’ right to know if their food has been genetically engineered,” said Jean Halloran, Director of Food Policy Initiatives at Consumers Union.

Consumers Union strongly supports Oregon’s GMO labeling ballot initiative, Measure 92. “Given the minimal cost to consumers, the increased herbicide use involved in growing almost all genetically engineered crops, as well as the failure of government to require human safety assessments before genetically …

Genetically engineered foods are already required to be labeled in 64 foreign countries, including many where American food producers sell their wares. Labeling has not increased food prices in those countries, according to Consumers Union.

Please Read this Article at NaturalBlaze.com

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