Moderator Comment: Is there a growing acceptance of biotechnology-enhanced foods by consumers?
Mr. Fraley may very well be correct that there is an increased acceptance of biotechnology enhancement by farmers and regulators. We do not have quantitative data to disprove this opinion. How well these groups accept the technology probably is not really the point anyway.
We can not help thinking back, however, to when Monsanto was looking to promote bovine Somatotropin bST otherwise know as bGH. Monsanto's position (and most of the scientific community) was that the milk from cows given bST was exactly the same as those not given the hormone.
Various groups jumped up and protested. Soon chains were posting signs that they were not accepting milk from dairies that got milk from cows given bST. It also did not help that there was no shortage of milk and the need for an increased supply was not evident to many.
Some small farmer groups argued against the use of bST. They feared being put at a competitive disadvantage with larger farms. There were also concerns that increases in supply would drive the price of milk down to the point where it would no longer be profitable to produce.
Ultimately, it appears as though consumer sentiment prevailed over science. Are the biotechnology companies going down the same road with bioengineered foods? [George Anderson - Moderator]