date:Feb 08, 2023
just a few years ago, it was hovering around US$9, and they were getting paid US$1.75 premium to grow a non-GMO.
Yet now, theyre getting paid at the beginning of last season, around $2.25 when prices were around $15, flags McNair.
So, if youre a farmer and youre looking at those economics, then youre losing money sometimes and deciding to grow at the previous structure.
The report notes that current non-GMO food-grade premiums have not paralleled commodity prices. In 2021, soybean commodity