We all end up paying more for the product.
Ignorance cost money.
True, but the choices are pay more; or, have all your products utilizing it boycotted, burned, and dumped by zealots.
Be prevented from exporting to, or otherwise selling in EU.
Having African & ME nations ban it as somehow being an Imperialist/Zionist/Infidel/Capitalist plot to create impotence, disease, or other ill in the populace.
Which is cheaper in the long run?
Hint: Do not neglect to also include the years of "proving the safety" of a GM produced seed in the time to develop said seed.
No, I do not agree with the Luddites, but they are the market, and if they don't buy, then it is a near total loss.