G.M.O’s versus Business

This is a very interesting topic and I am lucky enough to be a certified trainer at a Crossfit gym downtown, so this discussion is close to me. Part of my certification was understanding the importance of nutritional and how the body reacts to certain foods. My first thought of the topic was “No way, it is unhealthy for anyone to eat anything that’s not essentially organic. Additives and other pesticides damage the human body.” As I continued to read, the business school side of me starting to think about the effects of the small businesses who rely on GMO’s, for example the Rainbow Papaya farmers. I found myself being in the middle of the controversy, which I hate because I always like to pick a side and stick to it and debate it until the end, but this is a very different situation.

This is an interesting site that lays out both pros and cons of GMO’s. Take a look.

http://classes.soe.ucsc.edu/cmpe080e/Spring05/projects/gmo/benefits.htm

The Crossfit trainer side of me still says not to eat this type of product. The effects of pesticides alone in foods are unhealthy. A major portion of the population in the US flocks to Whole Foods and Trader Joes to get organic fruits and vegetables, and pay top dollar for it with no second thoughts about it. Putting foreign products that our bodies are not used to is very risky, and in opinion, does not taste quite the same.

Then the business side approach occurs to me. This is a snapshot of Monsanto’s stock

http://quotes.morningstar.com/stock/mon/s?t=mon

With 26,000 employees and revenue increasing about 3 billion dollars since 2011 it is a huge company that offers a ton of jobs. It’s stock alone has risen from $14 a share to over $100 in the last 10 years. If Mr. Ilagan were to approve this bill, the farmers on the island could suffer huge losses in revenue because people would no longer purchase their products. In my opinion, this would have been a domino affect. If one bill were to pass, this would be an opportunity for many other states to do the same. A huge company like Monsanto would suffer tremendously.

I think that consumers are going to choose what they want to eat regardless of what risks are presented about GMO’s and side effects. I choose to eat healthy, organic foods. There are plenty of people in the US who consume genetically modified foods who probably do not even know it, nor can tell the difference. I think that a company like Monsanto has too much upside, as far as revenue created and jobs they offer, to make them suffer by labeling foods with “GMO labels”, or passing bills to stop this type of biotechnology. If a person does not want to consume GMO’s then don’t. They can buy food that’s fresh and healthy. From a political stand point, Mr. Ilagan did the right thing. Farmers rely on their products to bought and it brings revenue to the country. For every person that is going to shoot down the idea of GMO’s and the dangers, there are plenty of people who are going to argue that innovation and science will lead to health benefits in food. It showed in the article when the bill was not approved. This does not mean that the 1,000’s of supporters of the bill are required to eat genetically modified products. They have options.

One thought on “G.M.O’s versus Business

  1. derrikthatcher

    I like how Chris was able to take this matter into a personal account. It was interesting to see his two personalities co exist within the text. There was the trainer part of him that immediately wanted to say that GMO’s and pesticides were bad for your health however the business side of him was more open to discussion and learning of all the benefits that GMO’s had to offer

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