Next month, voters in Washington will decide whether their state will be the first in the nation to require labeling of foods with genetically modified ingredients. In this debate, a key point of contention is whether food costs would rise if I-522 passes.
The opponents of the measure — Monsanto, Dupont, other agribusinesses, and many food manufacturers — assert that food costs for the average family would increase by several hundred dollars a year. Analysis of the assertion that food costs would rise reveals a great deal about the food companies and their views of the public. (It’s worth noting, as the Cry Wolf Project has documented, that business groups virtually always make the argument that costs will rise when they oppose regulatory measures.)
Read the full, original story here: “Why GMO labeling won’t increase food prices”