War Fertilizer Food
October 31, 2022
Hidden in the School Lunch
November 10, 2022Food Fight
Michael Olson’s Food Chain Radio Show #1331
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GUEST: Christine McDaniel / Senior Research Fellow, Mercatus Center George Mason University & Fellow Clayton Yeutter Institute of International Trade at the University of Nebraska
The United States appears to be getting into a food fight with Mexico… over corn!
Regulators in Mexico are moving to ban genetically re-engineered corn for human consumption. This ban would protect Mexican consumers from the perceived dangers of eating U.S. biotech corn, and would encourage the growth of Mexico’s domestic corn production. This ban of biotech corn sounds like a very good deal for Mexican farmers.
But, the biotech corn ban does not sound like a very good deal for the American farmers who have fully adopted the biotech corn technologies. In fact, the folks at the free-market Mercatus Center say the ban would cause the economic output of the United States to fall by approximately $74 billion dollars, with 32,000 annual job losses. U.S. corn growers would lose about $13.61 billion over a 10-year period and the rail industry alone would lose an additional $3.3 billion.
And so, when it comes to free trade of corn between the U.S. and Mexico, what appears to be good for the goose, does not look good for the gander. This economic food fight leads us to ask:
Leave a comment below: Can the world be made to accept the free trade of food?
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Michael Olson’s Three Laws of the Food Chain
#1 Agriculture is the foundation upon which we build all our sand castles.
#2 The farther we go from the source of our food, the less control we have over what’s in that food.
#3 Cheap food isn’t! READ MORE
