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Gene-Edited Virus-Resistant Pigs Trot Toward Market

Science | Food Production

Gene-Edited Virus-Resistant Pigs Trot Toward Market

“Pigs, cattle, and other livestock with edited genes are still far from most dinner plates, but a U.K. company has taken a big step toward the supermarket by engineering several commercial breeds of pigs to be resistant to a virus that devastates the swine industry. The firm, Genus plc, hopes that by year’s end the U.S. Food and Drug Administration (FDA) will formally approve the pigs for widespread human consumption, a first for a gene-edited animal.”

From Science.

Blog Post | Cost of Material Goods

The Good Old Days Were Really Expensive

Most things are more abundant and affordable today.

If you had a dime in 1900, you could buy a 1-ounce Hershey chocolate bar and a 6.5-ounce bottle of Coca-Cola. It sounds like those were happy days indeed. That is until you look at wages, which were around 14 cents an hour for blue-collar workers.

At Walmart today, a 1.55-ounce Hershey bar costs $1.17 and a 1.25-liter bottle (42.27 ounces) of Coke is $1.52. Blue-collar workers earn closer to $36.15 an hour in compensation.

We buy things with money but pay for them with our time. Money prices are expressed in dollars and cents, while time prices are expressed in hours and minutes. A time price is simply the money price divided by hourly income.

In 1900, it took more than 21.4 minutes to earn an ounce of chocolate and 3.3 minutes for an ounce of Coca-Cola. By 2023, the chocolate time price had fallen to 1.25 minutes, and sodas were down to 0.06 minutes (3.58 seconds).

Chocolate cost fell 94.2 percent while cola cost fell 98.2 percent. For the time required to earn 1 ounce of chocolate in 1900, you get 17.1 ounces today, and for the time required to earn 1 ounce of Coca-Cola in 1900, you get 55.2 ounces today. Chocolate is 1,611 percent more abundant while cola is 5,425 percent more abundant.

Things can get more expensive and more affordable at the same time. This is why you must always compare prices to wages to see the true price, which is how much time things cost you.

This article was published at Gale Winds on 3/19/2024.

Castanet | Food Production

Company Gets Green Light for GMO Non-browning Apple

“An Okanagan-based company is thrilled that their latest trademarked non-browning apple has been green-lit for sale on Canadian shelves, after a history of public nerves surrounding genetically modified crops.

Okanagan Specialty Fruits is the developer and grower behind ‘Arctic apple’ varieties, sold pre-sliced or diced with the promise of staying fresh and avoiding browning for up to 28 days thanks to bioengineering tweaks to the apples’ genetic codes.”

From Castanet.

Reuters | Food Production

Southern Brazil Reaps Record Soy to Offset Center-West Crop Failure

“A record soybean harvest in Brazil’s southernmost state should offset losses in the drought-hit center west, keeping a lid on prices in the world’s largest producer and exporter and slowing the pace of sales, according to local farmers and cooperatives.

Rio Grande do Sul will produce 68% more soybeans this season than last, according to estimates from national crop agency Conab, which said Thursday the state would regain the post of Brazil’s No.2 producer after Mato Grosso. Another state crop agency Emater projects a record crop of 22.25 million metric tons, up 71.5% from a year ago.”

From Reuters.