They Hear Us Knocking But We Can’t Come In!
Posted: October 22, 2009
Europe is sitting on a ticking time bomb. The ticking began when the European Union decided to cave in to its squeaky wheel minority that believes biotechnology is a mistake. The resulting zero tolerance policy regarding even minute levels of genetically modified crops now has the EU looking at a bare cupboard.
European food, trade and agriculture groups say that without a clear and effective response the EU faces a crisis in the food and livestock feed chain, with a total cost impact of roughly 4 billion Euros.
“I have a suggestion for Ms. Vassiliou (EU Ag Commissioner Androulla Vassiliou), stop staring into the headlights like the proverbial deer and open up Europe,” said one trader at the Chicago Board of Trade. “Once she does, even if it’s for a limited time or amount, this will have a huge impact for corn, DDGS, and soybeans. The toothpaste will be out of the tube!”
The E.U. Agricultural sector has been in a precarious position for years as they become increasingly less competitive globally due to being denied access to the latest seed technology. But now the looming shadow of scarcity has hit home.
“Every day, millions of people in the United States and around the world consume GM food. It’s no less healthy or nutritious than non-GM food,” says Iowa farmer Tim Burrack in recent comments written for Truth About Trade and Technology. “We know this from years of experience as well as extensive scientific and regulatory testing. GM foods have never so much as caused anyone to sneeze.”
Making your stomach growl…..that’s another matter!
