Investigating Consumer Stated Preferences for Gene-edited Orange Juice - The Influence of Behavioral Traits
MILWAUKEE, May 7, 2024 /PRNewswire-PRWeb/ -- The European Union, which had in 2018 ruled that CRISPR techniques be governed by the same regulations as GM, has recently (2023) proposed relaxing restrictions for CRISPR use in food products.
AAEA President and members release new research in JAAEA
MILWAUKEE, May 7, 2024 /PRNewswire-PRWeb/ -- The European Union, which had in 2018 ruled that CRISPR techniques be governed by the same regulations as GM, has recently (2023) proposed relaxing restrictions for CRISPR use in food products.
In the new article "Investigating Consumer Stated Preferences for Gene-edited Orange Juice – The Influence of Behavioral Traits" published in the Journal of the Agricultural & Applied Economics Association, Glory Esohe Orivri, Bachir Kassas, John Lai, and Lisa House from the University of Florida, as well as the AAEA President, Rudy Nayga, Jr. from Texas A&M University find out if consumers will accept orange juice produced using Gene Editing, and what behavioral traits could influence the acceptance. They find that consumers require $1.69 discount for GE orange juice compared to a $2.97 discount for GM orange juice. Behavioral traits that influence consumer preferences for CRISPR orange juice include, risk aversion, ambiguity tolerance, and present vs. future orientation.
The authors say "Marketers can incorporate the insights from this study into their design of information communications aimed at improving consumers' perceptions and acceptance of biotechnology. Also, this study will inform policymaking by providing evidence that could help facilitate effective interventions to promote consumer acceptance and consumption of GE foods. Policymakers will also gain insights on how consumers perceive GM versus GE food labeling, and the economic impact of such labeling. This can provide opportunities for voluntary labeling strategies with the potential of eliciting premiums from various classes of consumers."
If you are interested in setting up an interview, please contact Allison Ware in the AAEA Business Office.
ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries. Members of the AAEA work in academic or government institutions as well as in industry and not-for-profit organizations, and engage in a variety of research, teaching, and outreach activities in the areas of agriculture, the environment, food, health, and international development. The AAEA publishes three journals, the Journal of the Agricultural and Applied Economics Association (an open access journal), the American Journal of Agricultural Economics and Applied Economic Perspectives & Policy, as well as the online magazine Choices and the online open access publication series Applied Economics Teaching Resources. To learn more, visit http://www.aaea.org.
Media Contact
Allison Ware, Agricultural & Applied Economics Association, 414-918-3190, [email protected], www.aaea.org
View original content to download multimedia:https://www.prweb.com/releases/investigating-consumer-stated-preferences-for-gene-edited-orange-juice--the-influence-of-behavioral-traits-302138026.html
SOURCE Agricultural & Applied Economics Association
