Information on biotechnology modifications should include the reasons for modification, degree of regulatory oversight, methods and extent of safety verification, and impact of modification on consumer safety and the environment." (Bruhn, nd) According to a report from the Food Policy Institute entitled: "Consumer Preference Modeling: Willingness to Buy Genetically Modified Food" the willingness of the average individual to buy GM food products is influenced by factors including those of: (1) The type of benefit conferred by the genetically modified product (health or environmental benefits, price, better taste or quality, etc.), (2) The recipients of the benefit (consumer or producer); (3) The technology employed (animal, plant or bacterium based), (4) The perceived risks involved, (5) Demographics and socioeconomic characteristics, (6) Knowledge about science, biotechnology and food production, and (7) Trust in regulators." (Food Policy Institute, 2002)
SUMMARY AND CONCLUSION
Obviously knowledge and understanding are key in consumer's acceptance of food biotechnology which clearly provides a rationale for education of consumers as the method for gaining public acceptance for these types of modified food products. The company that produces these food products will be well served by holding local community education classes that will provide the consumer with enough information to inform and educate the consumer about the products that are derived via food...
The extent of this collaboration between them was shown to be a powerful predictor of the firm's ultimate success along with products in development, products on the market and the number of people it employed (Hand). Forecast and Conclusion - Biotech promises to feed the world, reduce environmental harm, expand agricultural markets and production possibilities and create products consumers want (Shoemaker et al. 2003). Farmers seemed to trust and accept
The larger the size of the company operating in the industry, the better and easier it is for it to succeed in the industry. Smaller sized companies have a rough time coping with the challenges and the competition within the industry (Kren & Tyson, 2009). Therefore, the size of the organization investing in the industry is a key determinant of success in the industry. The specialization factor is also
98 million farmers. It is reported that in a review of sustainable agriculture projects findings show that "average food production per household increased by 1.71 tons per year (up 73%) for 4.42 million farmers on 3.58 million hectares, bringing food security and health benefits to local communities. Increasing agricultural productivity has been shown to also increase food supplies and raise incomes, thereby reducing poverty, increasing access to food, reducing malnutrition
Genetically Modified Organisms Technology GMO Gentically Modified Organisms A Genetically Modified Organism (GMO) is any organism that has had its genetic makeup altered by humans Ahmed, 2002. The organism could be an animal, plant, or microorganism. The changing of the genetic code could involve subtracting, adding, or altering. All these changes could be from the same species or different species, which would give the organism characteristics that it does not have normally. GMO
Genetically Modified Foods With the emphasis lately on stem-cell research and cloning, consumer interest seems to have waned about genetically altered fruits and vegetables. Or has it? The answer to this question is of interest to a wide range of consumer businesses and organizations and R& D. agricultural firms due to the socio-economic impact. According to a peer-reviewed article in the American Journal of Agricultural Economics, "Who do consumers trust
I have a clear written mandate that guides this decision. The other alternatives do not have the same clear, written mandate as the one that I made. While a utilitarian approach may have yielded a different decision, in my position as a safeguard of public safety I am not obligated to undertake a utilitarian position unless I can do so without compromising my primary mandate. This is something I
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