By Andrew Whitelaw | Source: ACA, Productivity Commission, OGTR
Last week the productivity commission released their draft report on the ‘regulation of agriculture’. One of the major recommendations of the report was an end to state based moratoriums on the cultivation of genetically modified organisms (GM). One of the main arguments used by states prohibiting GM crop are the marketing benefits from being a non-GM state and therefore the capacity to gain premiums. In this analysis we see whether the moratorium in South Australia is providing a premium.
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