Willingness to Pay for Foods with Varying Production Traits and Levels of Genetically Modified Content

This study examined consumer willingness to pay for first- and second-generation genetically modified (GM) and organic foods and for non-GM foods, dependent on tolerance for GM content. Data from a survey of students were examined using a heteroskedastic two-limit Tobit model. Results showed consumers were willing to pay significantly more for organic and second-generation foods over first-generation GM foods, which suggests a niche market for second-generation GM foods may be possible. For non-GM foods, consumers were indifferent between a 100- and 99-percent threshold, but did not view 95-percent non-GM foods as more valuable than foods with unknown GM.


Issue Date:
2009-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/99780
Published in:
Journal of Food Distribution Research, Volume 40, Number 2
Page range:
1-11
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-25

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