We agree with you completely—let the market decide. Efforts to pass to laws that require labeling of any foods, including those made with GMOs, is inconsistent with the market “dictating what it wants.” Rather, it’s using the legislative process to try to gain an advantage in the market place.
We are often accused of being against labeling. We are not. If any food, including GMO food, presented a safety risk to a certain population, for example those allergic to a food ingredient, we most certainly would support a mandatory label on that food alerting consumers to this concern. But this is simply not the case. There is no evidence linking a food safety or health risk to the consumption of GMO foods. There are hundreds of independent studies that demonstrate this (Check out independent studies at BioFortified) in addition to the determinations from scientific and regulatory authorities around the world that GMO foods on the market are as safe and nutritious as their non GMO counterparts [See FDA information here]. There have been a few studies that have asserted such a risk exists but each of these studies has been found not to be credible by the global scientific community.
We support the right of consumers to choose food that is healthy and nutritious. As believers in GM technology, and having seen the benefits accrue to farmers and society alike (Check out GMOs and the Future of Agriculture:), what we cannot support is a label that conveys to consumers that food made from farmers’ crops grown with our seeds is less safe or nutritious or different from conventional or organic food. We believe a government requirement to label a food “GMO” would do just this.
We also recognize that GM technology is but one tool that will be needed to feed a burgeoning population using less land and fewer resources in the face of increasingly severe weather. The United Nations Food and Agriculture Organization predicts that by 2050 we will need to double our cuFrrent agricultural production, with seventy percent of this needed increase coming from new, efficient technologies. In this regard, we support any agricultural production method that will help us to achieve global food security by 2050. You will never see us oppose organic farming, for example.
Returning to your question on labeling and letting the market decide, we support voluntary, market-based labeling to promote one type of product over another, including labels for the presence or absence of GMO ingredients. Currently, consumers wish to choose food that does not contain GMO ingredients, marketing labels such as “USDA organic” and “Non-GMO Verified” are being used by food companies to meet their consumers' demand.