What Are the Cost Benefits of GM Foods?
With all of the controversy around genetically modified (GM) foods, the aspect of costs and economics has become a commonly argued one. Assessing the cost benefits of GM foods is not an easy task but it is an important one because it impacts a nation’s livelihood and also affects the purchasing price that consumers pay to obtain the food. Unfortunately, the studies pertaining to GM foods and cost effectiveness have very mixed results and are impacted by a wide range of factors that leave each crop – cotton or corn, for instance – sometimes showing vastly different economic profiles. Understanding GM Crops And Cost Measures To actually assess how profitable a GM crop is involves years of monitoring the cultivation of the crops and the commercialising and marketing aspects of that crop. Even in a given year, the yields of a GM crop and the pricing can vary tremendously. The overall supply and demand for the food also influence how the product is priced, how much is purchased by consumers
