Organically-grown food has been soaring in popularity, and it seems to be everywhere lately. Many people are under the impression that organically-grown food is healthier for you, tastes better, is better for the environment, and could even have fewer calories.
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Organic retailers just ignited a spark that is going to burn down the traditional food business as you know it.
Wal-Mart Stores, Inc. (WMT) announced a partnership with Wild Oats today whereby the world’s largest retailerwill stock 100 pantry items sourced from the latter, including organic canned vegetables, spices, and condiments, in 2,000 of its stores across the US. Plans announced also include the launch of a new line of organic products through Wal-Mart’s website by summer, and the eventual rollout of the program to all 4,000 Wal-Mart stores.
Trade groups representing food industry giants are asking a federal court to strike down a Vermont law that would require companies to label products that contain genetically modified organisms (GMOs).
You know organic is better—better for your body, better for the environment and better for any animals that may have been involved. But that doesn’t mean that organic is better for your bank account. In fact, organic foods are on average about one-third more expensive than conventionally produced foods.