Economic Effects of Decreasing Thresholds for Adventitious Presence(AP) of GM Agricultural Products Labeling Standard: Focusing on Corn Oil
2010
Han, J.H., Korea Rural Economic Institute, Seoul, Republic of Korea | Kim, B.S., Korea Rural Economic Institute, Seoul, Republic of Korea | Joo, H.J., Korea Rural Economic Institute, Seoul, Republic of Korea
According to a survey implemented consumers think that 3% threshold in GM products is low and should be strengthened To prevent GM products from commingling with Non-GM products, it is necessary to separate the production, harvesting, storage, handling and processing of GM products and Non-GM products. It is judged that identity preservation (IP) systems create an additional cost to seed producers, commercial farmers, grain elevators and handlers, processors and food manufactures. Cost/benefit analysis demonstrates that social cost exceeds social benefit as standards get more stringent. Therefore, based on the results it would be premature to set more stringent threshold in GM products.
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