Category Archives: GMO

GMO’s New 7-Year Forecast of Real Returns

 
GMO’s New 7-Year Forecast of Real Returns

GMO recently published their forecast of real returns for various asset classes over the next 7 years. These forecasts are based on the dividend yield plus the projected earnings growth rate and a reversion to the mean of current PE values.

The colorful graphic pdf file can be found at: GMO Free registration is required.

Long-term real returns of US stocks have been +6.5% historically to put the figures below into context.

Here is a table of GMO’s projected real after-inflation returns per year:

Asset…………….Real Return …Standard Deviation

US Large Cap………….-0.5%….6.5%
US Small Cap………….-1.4%….7.0%
US High Quality……….+3.4%….6.0%
Int Large Cap…………+1.7%….6.5%
Int Small Cap…………+0.7%….7.0%
EmergingMkt…………..+3.5%….10.5%

US Govn’t Bonds……….+1.9%….2.0%
Int Govn’t Bonds………+1.2%….2.0%
EmergingMkt Bonds……..+1.2%….8.5%
US TIPS………………+1.9%….1.5%
US Treas Bills………..+1.7%….1.5%

Managed Timber………..+5.5%….5.5%
REITs………………..-1.1%….
US Large Growth……….+1.1%….
US Large Value………..-1.9%….
US High Quality……….+3.4%….6.0%
US Low Quality………..-6.6%….
US Small……………..-1.4%…
US Small Growth……….-1.2%…
US Small Value………..-1.5%…
EAFE…………………+1.7%….
Int Large Growth………+2.2%….
Int Large Value……….+1.3%…
Int Small…………….+0.7%….
Int Small Growth………+1.2%…
Int Small Value……….+1.0%…

In addition to using your age, these figures might be helpful when rebalancing your asset distribution.

 

Don’t ban ‘hormone-free’ label

 
Don’t ban ‘hormone-free’ label

The Philadelphia Inquirer
Jan. 2, 2008
Editorial

Gov. Rendell and his agriculture secretary ought to side with consumers in a dispute over milk labeling.

Unless Agriculture Secretary Dennis C. Wolff wakes up and smells the cream in his coffee, Pennsylvania will ban dairies from labeling milk cartons as “hormone-free” on Feb. 1. That would be the wrong move for consumers, who have a right to know how their food is produced.

Wolff is kowtowing to dairy farmers who inject their herds with a hormone, which boosts milk production. The hormone-using farmers argue that a “hormone-free” label on competitors’ milk wrongly implies the milk produced with hormones is unsafe.

The U.S. Food and Drug Administration approved the growth hormone for dairy herds 14 years ago.

There’s no scientific evidence that milk from injected cows is unsafe. But some health experts say the matter isn’t quite settled, either.

Research has focused on a protein found in milk called insulin-like growth factor 1. At high levels, IGF-1 has been associated with cancer in humans.

Milk from cows treated with synthetic hormones can have higher levels of IGF-1. But scientists disagree whether drinking this milk can cause higher IGF-1 levels in the bloodstream. Whether or not consumers know all the details of this debate, it is an open question that state officials have no right to ignore.

There’s no dispute that injecting cows with hormones can cause health problems for the cows themselves. That’s one reason Europe and Canada have banned the practice.

After Wolff announced his milk-label decision in October, a debate ensued, prompting him to delay the Jan. 1 start date by one month. He should shelve this idea permanently.

Pennsylvania would be the first state in the nation to deny consumers information about how their milk is produced. Wolff argues that some “hormone-free” labels are inaccurate.

If so, correct the labeling procedures. But don’t use that as an excuse to keep consumers in the dark about how their food is produced.

The Keystone State was fifth in the nation last year in the amount of milk produced - more than 10.7 million pounds. It’s an important industry. But the job of the state - and Rendell and his ag secretary - is to give consumers more information and not to protect a special-interest group.

Source: The Philadelphia Inquirer
Editorial

 

Duty-free U.S. corn imports force Mexico GMO debate


Duty-free U.S. corn imports force Mexico GMO debate

SAN SALVADOR EL SECO, Mexico - Cheap U.S. corn will flood into Mexico in January when trade barriers are lifted, pitting local farmers against each other over how to protect the crop that has fed Mexico for thousands of years.

Mexico is to scrap import duties of U.S. corn on January 1, under the North American Free Trade Agreement, or NAFTA, in a move that will allow the world’s No. 1 producer to expand its market in the country that claims to have discovered corn.

Mexican growers are debating whether to turn to genetically modified strains of corn to resist the U.S. challenge, or to mechanize production but keep local corn strains GMO-free.

Either way, millions of Mexican farmers, many of them living just above subsistence, will struggle to compete with heavily subsidized U.S. corn despite high international corn prices.

“All the inequalities leave us unprepared for the opening,” said Carlos Salazar the head of a national corn growers’ association who works with farmers in the eastern town of San Salvador El Seco, where flat fields of corn and cactus stretch for miles below three snow-capped volcanoes.

Corn tariffs have gradually been phased out since the trade deal was implemented in 1994, and imports of yellow corn from the United States to Mexico have skyrocketed by about 240 percent compared to the decade before NAFTA. Mexico imported over 7 million metric tons of U.S. yellow corn in 2006.

Imported yellow corn, mostly used for animal feed, now accounts for close to 35 percent of local consumption and is likely to increase next year.

The biggest worry for Mexican farmers is that zero barriers could give U.S. producers incentives to grow more white corn, Mexico’s principal crop, which is used to make tortillas and other famed foods.

GMO Vs. wild corn

Those who want to introduce bioengineered corn in Mexico appear to be gaining an upper hand.

A law to allow experimental planting of GMO strains in northern Mexico was passed two years ago but was never signed. Agriculture Minister Alberto Cardenas said this week the law could go into effect in a matter of weeks.

“We don’t want to be behind. We have to start testing now,” said Catalino Flores, a geneticist working with Salazar’s organization in San Salvador El Seco.

Corn yields in the United States can be more than three times those in Mexico, according to Mexican growers.

“There will be drought resistant corn in 5 to 10 years. If you don’t plant something like that when everyone else is, you’ll be down the drain,” Flores said.

About half of U.S. yellow corn sent to Mexico comes from genetically modified seeds. Mexico’s agriculture minister reckons GMO seeds smuggled in from the United States are already being planted in northern Mexican states.

But some farmers worry introducing that GMO seeds could contaminate hundreds of wild blue, red and multicolored corn varieties planted for centuries in Mexico.

“The farmers who want to plant transgenic corn are irresponsible, they don’t care if the are putting the genetic heritage of Mexico at risk,” said Victor Suarez head of a small farmers’ group that wants keep trade protections for corn and beans.

The ancient Maya, who lived in southern Mexico over 1,000 years ago, believed the gods made men from maize. The plant was adopted over 500 years ago by Spanish conquerors and spread to the rest of the world.
Duty-free U.S. corn imports force Mexico GMO debate

However the debate plays out, the radical changes to the landscape of rural Mexico are already well underway.

Some 2 million farm jobs have been lost since NAFTA was signed, according to Mexico’s National Employment Survey. Many farmers around San Salvador El Seco have left the land and emigrated.

“Now we are saving a lot of time but we are also losing a lot of jobs,” said Martin Rodriguez, 57, marveling at a new machine recently brought to San Salvador El Seco that can harvest in one day what it would take a dozen workers two weeks to pick.

Source: Reuters
By Mica Rosenberg

Government to Toughen Rules on GMO Imports (South Korea)


Government to Toughen Rules on GMO Imports (South Korea)

A number of government agencies will collectively be in charge of monitoring the research and development of genetically-modified crops and animals, which may cause confusion and inefficiency in the regulating system.

The Ministry of Science and Technology announced Friday that the research, development, import, export and distribution of genetically-modified organisms (GMOs), or living modified organisms (LMO), will require prior approval from different government agencies from Jan. 1, depending on the safety level of the materials and the type of possible hazard it has for the environment or for people.

GMOs are plants or animals that have their genes altered by genetic engineering techniques. Many global food companies, especially those based in North America, are producing and exporting GMO products, such as high-yield rice, maize and soybeans that are tolerant to herbicides. Many countries have been establishing regulations on the import and sale of the GMOs as worries of possible environmental and health damage have arisen.

The Korean government’s new reporting process looks as complicated as the gene modifying technique itself. The government separated the GMOs into four categories by hazard level, but only with vague, subjective guidelines: The level 1 and 2 facilities should be reported to the Ministry of Science and Technology, while level 3 and 4 are subjected to the Ministry of Health and Welfare, except those can “possibly damage the environment” that again belong to the science ministry.

Even if an R& D facility is approved by one administrative body, it is required to get separate permission for each crop and animal that has “high risk.” For example, GMOs used in farming or forestry should get approval from the Ministry of Agriculture and Forestry. For ecological use, the Ministry of Environment is in charge of the GMO vetting. For maritime organisms, the Ministry of Maritime Affairs and Fisheries will grant permission. Meanwhile, some of the ministries are expected to be merged next year by incoming President Lee Myung-bak as they have been criticized for overlapping administrative control.

Genetically engineered crops have been thought to create economic risks that have been overlooked in the past. In the U.S. rice market in 2006, illegal varieties of genetically modified rice were found contaminating the rice supply, causing as much as $1.2 billion in damages and additional costs to the industry.

The modification of some crops to improve their resistance to herbicides is also believed to produce herbicide-resistant weeds, which has led to more herbicide use.

Source: Korea Times
By Cho Jin-seo

Nanotech’s Health, Environment Impacts Worry Scientists

Default Nanotech’s Health, Environment Impacts Worry Scientists
Nanotech’s Health, Environment Impacts Worry Scientists

The new report was based on a national telephone survey of American households and a sampling of 363 leading U.S. nanotechnology scientists and engineers. It reveals that those with the most insight into a technology with enormous potential — and that is already emerging in hundreds of products — are unsure what health and environmental problems might be posed by the technology.

“Scientists aren’t saying there are problems,” says the study’s lead author Dietram Scheufele, a University of Wisconsin-Madison professor of life sciences communication and journalism. “They’re saying, ‘we don’t know. The research hasn’t been done.’”

The new findings are in stark contrast to controversies sparked by the advent of technologies of the past such as nuclear power and genetically modified foods, which scientists perceived as having lower risks than did the public.

Nanotechnology rests on science’s newfound ability to manipulate matter at the smallest scale, on the order of molecules and atoms. The field has enormous potential to develop applications ranging from new antimicrobial materials and tiny probes to sample individual cells in human patients to vastly more powerful computers and lasers. Already products with nanotechnology built in include such things as golf clubs, tennis rackets and antimicrobial food storage containers.

At the root of the information disconnect, explains Scheufele, who conducted the survey with Elizabeth Corley at Arizona State University, is that nanotechnology is only now starting to emerge on the nation’s policy agenda. Amplifying the problem is that the news media have paid scant attention to nanotechnology and its implications.

“In the long run, this information disconnect could undermine public support for federal funding in certain areas of nanotechnology research,” says Corley.

“Nanotechnology is starting to emerge on the policy agenda, but with the public, it’s not on their radar,” says Scheufele. “That’s where we have the largest communication gap.”

While scientists were generally optimistic about the potential benefits of nanotechnology, they expressed significantly more concern about pollution and new health problems related to the technology. Potential health problems were in fact the highest rated concern among scientists, Scheufele notes.

Twenty percent of the scientists responding to the survey indicated a concern that new forms of nanotechnology pollution may emerge, while only 15 percent of the public thought that might be a problem. More than 30 percent of scientists expressed concern that human health may be at risk from the technology, while just 20 percent of the public held such fears.

Of more concern to the American public, according to the Nature Nanotechnology report, are a potential loss of privacy from tiny new surveillance devices and the loss of more U.S jobs. Those fears were less of a concern for scientists.

While scientists wonder about the health and environmental implications of the new technology, their ability to spark public conversation seems to be limited, Scheufele says. “Scientists tend to treat communication as an afterthought. They’re often not working with social scientists, industry or interest groups to build a channel to the public,” he says.

The good news for scientists, Scheufele explains, is that of all sources of nanotechnology information, they are the most trusted by the public.

“I think the public wants to know more. The applications are out there and that concern gap has to be addressed,” Scheufele argues. “The climate for having that discourse is perfect. There is definitely a huge opportunity for scientists to communicate with a public who trusts them.”

In addition to Scheufele, authors of the Nature Nanotechnology report include Corley and David H. Guston of Arizona State University; and Sharon Dunwoody, Tsung-Jen Shih and Elliott Hillback of UW-Madison. The study was funded by the National Science Foundation as part of the Center for Nanotechnology in Society at Arizona State University and the UW-Madison Graduate School.

Source: Default Nanotech’s Health, Environment Impacts Worry Scientists
Nanotech’s Health, Environment Impacts Worry Scientists.

Farmers of genetically modified corn need rules to protect organic crops

Farmers are constantly struggling to maintain their livelihood while ensuring a supply of nutritious food for residents of Maine and people throughout the nation.

For Maine’s organic farmers, the choice to farm organically is being threatened by regulation recommendations soon to be submitted to the state Legislature. Citizen voices can help ensure that solid regulations protect farmers’ right to choose how they farm, including farming organically.

On Friday, the Board of Pesticides Control will consider recommendations for rules governing the use of corn that is genetically modified to incorporate Bacillus thuringiensis (Bt). Depending on Board of Pesticides Control’s recommendations, the livelihood of Maine’s organic dairy farmers could be at risk.

Until this past summer, Maine had proudly been the last state to refuse the sale of Bt corn. It’s part of a decades-long tradition the state has maintained of support and promotion of organic farming. Maine has been at the forefront of the organic movement, with the Maine Organic Farmers and Gardeners Association setting roots in Maine more than 35 years ago.

Today, Maine is home to nearly 100 organic dairy farmers and a variety of about 140 other organic operations throughout the state.

Bt corn poses a threat to Maine’s organic future through the possibility of cross-contamination. Because all corn is wind-pollinated, organic farmers are at risk if the genetically modified Bt corn cross pollinates with any organic variety.

So, if the Bt corn drifts over to an organic farm and pollinates corn on that farmer’s soil, the organic farmer’s crop is contaminated, his efforts to avoid genetically modified corn are wasted and his choice to farm organically is taken away from him.

Because of Maine’s location at the far northeastern corner of the United States, organic farmers struggle to produce or purchase certified organic feed for their animals. It’s hard to produce here and expensive to import from other states.

Contamination of Maine’s organic feed crops with transgenic varieties will have a devastating economic effect on Maine’s organic dairy industry, which relies on home-grown feed. Legislation needs to be in place to protect Maine’s organic producers from contamination.

Organic farms have the right to be legally and physically protected from the threat of cross-contamination, and organic farmers are hoping for a reasonable compromise: A buffer zone of 660 feet, provided by the Bt corn grower, should be in place between all transgenic and organic crops and should be the minimum buffer zone allowed. That 660 feet is the recommended isolation distance required by the U.S. Department of Agriculture for keeping seed varieties pure and thus allows organic farmers to save their own seeds.

The responsibility to protect against contamination needs to be placed on the farmers choosing to plant the Bt corn — not on the organic grower.

Maine citizens, including Maine’s organic dairy farmers, have the right to know where Bt corn is being grown near their property. While the draft rules require seed dealers and farmers to keep records of where, and how much, Bt corn is being planted in Maine, the rules also provide that this information will be kept confidential, ostensibly to “protect” the identity of farms using Bt corn.

That information should be reported to the government and open for public access. Existing laws entitle any neighbor owning a “sensitive area” within 500 feet of a farm to request notification of pesticide use on that farm. The burden of notification should lie with the transgenic user.

In order to maintain the integrity of Maine’s organic dairy industry, the market and consumers expect — and organic farmers want to provide — organic farms that operate without the presence of genetically modified organisms and pesticides.

The Board of Pesticides Control should protect Maine’s organic farmers by setting strong guidelines to prevent cross-contamination and should state that the responsibility of contamination lies with the transgenic grower.

Melissa Hughes is general counsel for Organic Valley Family of Farms, America’s largest cooperative of organic farmers. See www.organicvalley.coop, www.organicprairie.com.

Source:
Kennebec Journal - Morning Sentinel
Melissa Hughes
11/15/2007

GM warning over supermarket food

I am litle bit affraid from the following news. And you?

Some supermarket food is sourced from animals fed on GM-feed, says the Soil Association

Consumers are “unwittingly” eating supermarket food sourced from animals fed genetically-modified (GM) animal feed, according to a report.

The Soil Association claims nearly all the milk, dairy products and pork sold in the UK’s supermarkets are produced from animals reared on GM crops.

But, because retailers are not legally required to use labels to highlight food produced from GM-fed animals, shoppers are unaware of the fact, says the pro-organic organisation.

Its study claims around 60 per cent of the maize and 30 per cent of the soya fed to dairy cattle and pigs is genetically altered.

The report says while supermarkets have been trumpeting their non-GM food credentials, having abandoned the sale of own-label goods made directly with GM ingredients, they have yet to prohibit the use of GM animal feed in the production of their food.

Campaigners now want supermarkets “to be honest” with their customers and label foods that are sourced from animals fed on GM feed.

They say only organic goods guarantee that GM animal feed has not been used in production, with even certain ethical labels allowing such practices in bringing their foods to market.

Marks & Spencer is the only retailer which ensures all its non-organic milk and fresh meat is not produced using GM-feed, according to the report.

However the high street chain’s frozen and processed foods are sourced from animals fed GM feed, the study adds.

It also stresses that while the poultry sector has widely-adopted non-GM feed policies, around a third of eggs are produced from GM-fed hens.

The Soil Association, which claims the “GM stealth invasion” of the UK food-chain is denying consumers the option to make informed choices about what they buy, insists all meat and dairy foods should be produced using non-GM animal feed.

Commenting on the failure of supermarkets to appropriately label goods produced with GM-feed, Soil Association director Patrick Holden said: “This amounts to deception on a large-scale.

“This is not just accidental contamination, hundreds of thousands of tonnes of GM grain are being used to produce our food each year.”

Source:
nthenews.co.uk

Row erupts in Italy over GM study results

I found a quite interesting article. I can offer everybody who is interested in the GMO

16/11/2007- Accusations have flown in Italy this week over the government’s alleged suppression of field trial results suggesting the benefits of two Monsanto Bt maize varieties.

Field trials were conducted on land owned by the University of Milan to determine the benefits of GM crops and the possible dangers they pose to consumers.

The outcome showed that, as well as resisting the corn borer pest without the use of pesticides, the P67 and Elgina maize varieties helped reduce the content fumonisin toxins, say the scientists.

But the results of the trials were never formally published, spurring scientists to accuse the government of suppressing the information because of its anti-GMO stance.

Meanwhile, the state-run National Institute for Research of Food and Nutrition (INRAN) today issued a statement saying it had not actually received the results as claimed.

INRAN added that it has actually conducted its own analysis, which goes further than the original results, and that it now deems suitable for publication.

Fury over fumonisins

Fumonisins are toxins produced by fungi that can infect a growing maize plant. There is evidence to suggest they increase the risk of spina bifida in humans, and can cause other illnesses in horses and pigs.

Roberto Defez, group leader in microbial biotechnology at the Institute of Genetics and Biophyscis, explained that Italy has serious problems with fumonisins. “The problem is officially known,” he said. “Over forty per cent of the maize produced contains more than the maximum levels of fumonisin.”

The information on the study only came to light when Tommaso Maggiore, the agronomist who conducted the trial, realised the results would not be published and approached the scientific community through Defez, and scientists at the University of Milan, to get the information into the public domain.

Defez told FoodNavigator.com that, as it stands, the results from the study are not a major contribution to scientific research. He said: “What we are asking for is that the ban be lifted so the trial can be repeated by the scientific community, to compare and evaluate to see whether this is a usual result, and can therefore benefit Italian agriculture.”

Legal issues in Italy

Defez explained this was the first trial on genetic modification in Italy for seven years as such studies are illegal in Italy.

Funded by the ministry of agriculture under an investment of €6.2m, it did not come under the ban as the maize is allowed for consumption in Europe, therefore not described as experimental, and it was not planned for commercial cultivation.

When the results were allegedly handed to the INRAN early last year, they were never formally published in a peer-reviewed scientific journal.

In addition to denying it had received any results, INRAN said it had not asked Maggiore to perform the fumonisin analysis.

Study results

The fumonisin-producing fungi infect a maize plant by entering through a wound, which can be inflicted by the European corn borer.

At the trials, no corn borer larvae were found on the Bt varieties, while an average of 29 of the pest were found on each stalk of the conventional varieties.

In INRAN’s statement today, it said that its analysis actually found 81 per cent higher levels of the fumonisin in the maize that was not genetically engineered.

According to Maggiore’s results, using the GM maize also increased the volume of grain produced, yielding between 14.1 and 15.9 tonnes per hectare compared to between 11 and 11.2 tonnes of grain per hectare.

This relates to a yield increase of between 28 and 43 per cent, translating into a difference in profit of between €300m and €1bn.

Opposition to government policies

The issue has now been documented in the Italian media, and opposition parties have spoken out against the government’s anti-GM stance.

Radical MP Marco Cappato accused the government of “prohibitionism and violation of the freedom of research”, while Tortoli from Forza Italia called for an increase in research.
Belloti, from the Alleanza Nazionale, said: “The demonisation of GMOs is the result of an ecological ideology that smells of hypocrisy.”

Issues surrounding GMOs

Despite the beneficial effects on plant disease of GM maize found in this single study, concerns have been raised over its health risks to humans.

In March, it was revealed that the Monsanto maize MON863, authorised for human consumption since 2006, showed signs of liver and kidney toxicity in a rat study performed by French researchers. However, after reviewing the data, the European Food Safety Authority rejected the concerns in June this year.

Genetic engineering goes against the increasing consumer trend for natural and organic products as fears have arisen over a lack of knowledge of its long-term effects.

Environmental campaigners have also highlighted the impact on non-target species and there have been worries over the risk of contaminating non-GM crops.

Source:
nutraingredients.com

Consumers Won’t Know What They’re Missing

The Pennsylvania Department of Agriculture has decided that consumers are too dim to make their own shopping decisions. Agriculture officials in Ohio are contemplating a similar decision.

As of Jan. 1, Pennsylvania is banning labels on milk and dairy products that say it comes from cows that haven’t been treated with artificial bovine growth hormone, which is sometimes known as rBGH or rBST. State officials say the labels are confusing and impossible to verify.

If you have stepped into the dairy aisle anytime recently, you have probably noticed that some of the milk now for sale has a carton label saying it is free of artificial growth hormones. Consumers are demanding it, and a growing number of milk bottlers, grocery stores and retail chains have taken notice.

It might not surprise you to learn that Whole Foods Market, Trader Joe’s and Starbucks offer rBGH-free milk. But Kroger, Publix and Costco also use it for their house brands.

And Dean Foods, the nation’s largest milk bottler, has told suppliers in some regions of the country like the Northeast and Texas that they should make the transition to milk without the artificial hormone.

Farmers use artificial bovine growth hormone to increase a cow’s milk production by a gallon or more a day. The federal government maintains that it is perfectly safe, but it remains illegal in many other countries and critics continue to question its safety. Regardless, many American consumers buy rBGH-free milk because they are uncomfortable with the idea of milk that comes from cows that have been shot full of artificial hormones and because it’s cheaper than organic milk, which, of course, doesn’t allow use of the artificial hormones. But the backlash against rBGH has unsettled its manufacturer, Monsanto, and the dairy farmers who have come to rely on it to raise production. They have spent more than a decade trying to persuade federal and state authorities to ban or restrict non-rBGH labels on the grounds that there is no difference in milk from cows that are treated with the hormone and those that are not.

They finally found an ally in Dennis Wolff, Pennsylvania’s agriculture secretary.

Late last month, Mr. Wolff announced a crackdown on “absence labeling” on milk, meaning labels that tell consumers what isn’t in a product rather than what is.

He argues that “hormone free” labels are misleading because cows produce hormones naturally. Even labels that are more carefully worded, such as “contains no artificial hormones” will soon be verboten in Pennsylvania because Mr. Wolff said that there were no scientific tests to prove the truth of such a claim.

His ban also extends to phrases like “pesticide free” and “antibiotic free,” which he maintains are confusing for consumers because they suggest that milk without those labels contains pesticides or antibiotics. In fact, he said, processed milk is tested repeatedly in Pennsylvania to make sure that it doesn’t contain those substances.

“It confuses them,” he said. “It seems to imply there is a safe, nonsafe dimension.”

A former dairy farmer, Mr. Wolff said he decided to look into the issue after he received calls from farmers complaining that they were being forced to stop using bovine growth hormone if they wanted to continue selling their milk to certain dairies. He also said his office had received many calls from confused consumers.

Mr. Wolff’s office could not provide surveys or research showing that consumers were confused by the issue, and was unable to come up with even one name of a consumer who had complained.

The Ohio Department of Agriculture held a hearing on the milk labeling issue last week, though no decision has been made.

The proliferation of labels making health claims on food is clearly a source of confusion to consumers. And governments can play a useful role in making sure that the labels are accurate. But Mr. Wolff’s edict doesn’t have anything to do with helping consumers. Otherwise, he would have tried to refine the labels or create a system for verifying dairy farmers’ claims (a process for which the Food and Drug Administration issued guidelines — in 1994).

Rather, Mr. Wolff is bucking consumer demand, which will benefit Monsanto and a bunch of whiny dairy farmers. Monsanto certainly doesn’t need his help. On Thursday, the company told investors that its gross profits should double in the next five years. And I find it hard to muster sympathy for farmers who refuse to change to meet consumer demands. Most businesses certainly don’t have that luxury.

It’s harder still to find much merit in Mr. Wolff’s arguments for the labeling ban.

He defends the labeling decision by arguing that the non-rBGH labels can’t be verified by scientific testing because there is no difference between milk from cows that has been treated with bovine growth hormone and those that have not. But the same argument could be made about organic milk.

He also argues that absence labels such as “no artificial hormones” suggest that products without those labels are inferior. So what? As long as the claim is accurate, isn’t the point of labels to differentiate one product from another?

Using Mr. Wolff’s reasoning, you could argue that organic labels on milk are unfair because they suggest that non-organic food is inferior. The same goes for labels for “natural,” “from grass-fed cows” and “locally produced.”

But here Mr. Wolff contradicts his own argument. There are exceptions to his rule, for what he describes as “puff” claims like “farm fresh” and “locally produced.”

Isn’t he saying that milk produced in New Jersey is inferior? And how do you scientifically prove it’s from Pennsylvania anyway?

TODD RUTTER, president of Rutter’s Dairy in York, Pa., said he was particularly incensed that he learned about the new standards the day after the decision was made, when he was called by reporters. Mr. Rutter’s dairy began labeling its milk as having “no artificial growth hormones” on Oct. 1, using labeling guidelines from the F.D.A. He said his label was reviewed and approved by the Pennsylvania Department of Agriculture last summer.

“I’m not arguing that it may be bad for you, may not be bad for you,” he said. “We just feel that consumers, when given the choice, for the same price point, will always choose a product that they believe is the most naturally produced available.”

Leslie Zuck, executive director of Pennsylvania Certified Organic, said she, too, was disappointed with the ruling. But she offers a sensible compromise. Instead of banning the labels, why couldn’t dairy farmers who use the artificial growth hormone use their own labels?

Ms. Zuck suggests this: “We use rBGH and it’s great stuff!”

Any buyers?

Source:
The New York Times

EU considers ‘pause for thought’ on GMOs

EU considers ‘pause for thought’ on GMOs

Source: EurActiv.com
31 October 2007

EU environment ministers have failed to agree to force Austria to lift a national ban on GMOs, highlighting deep divisions among the 27-member bloc over the issue.

For the third time in a row since 2005, the environment ministers failed, on 30 October 2007, to find a qualified majority for or against a Commission proposal to lift restrictions on the provisional prohibition of the use and sale in Austria of two genetically modified (GM) varieties of maize. It will now be up to the Commission to make the decision.

The Commission proposed forcing Austria to drop its national ban on importing two types of GM maize (MON810 and T25) and processing them into food and feed in order to conform to WTO rules (see EurActiv 19/12/2006).

The Portuguese Presidency explained that member states have two types of reasoning against the Commission’s proposal. “You have people who are automatically against GMOs and would just vote against any proposal related to the introduction of GM foods. Others voted against because they feel that a member state’s will should be respected,” said Portuguese Minister for the Environment Francisco Nunes Correia.

“Here we have one member state, Austria, wanting to opt for one particular position and some other member states feel that this position should be respected, independently of that country’s particular opinion about GMOs or GM food,” he added, saying that majority of member states are against (187 votes) the Commission proposal to order the ban to be lifted. “The Commission proposal still prevails against the explicit will of one member state and that is something that has to give us a pause for thought”.

EU Environment Commissioner Stavros Dimas said the Commission was “going to consider the concerns expressed in the Council,” and added that according to EU legislation, if the Commission decided to go ahead, “Austria should comply within 20 days”.

The ministers also discussed an Italian proposal to strengthen the powers of the European Food Safety Authority (EFSA), based in Parma, and change the authorisation procedure for GMOs. The Portuguese Presidency said that “the subject will, in the near future, certainly be debated more formally”.