Language: English
Publication Year: 2015
We examine the consumer cost consequences of choosing GMO-free food over food that contains GMOs. Using text-mining
algorithms applied to detailed product descriptions contained
in a proprietary database of individual GMO and GMOfree
foods at the retail level, we find that, when directly compared
item by item, GMO-free food costs an average of 33%
more than a comparable food item that is not GMO-free. When
compared on a per-ounce basis, GMO-free foods cost an average
of 73% more. Generalizing to the cost of a typical market
basket of food consumed by American households, GMO-free
food consumption would increase the average family food budget
from $9,462 to $12,181 per year.
Bt , GMO
Food Security
Agricultural Biotechnology , Agriculture
biotechnology, consumer food choice, GMO-free, market basket. United States
United States
31 Dec 2015
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