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They can easily and cheaply tack the price of certification onto the price of all of their watches while METAS can enter into the "big leagues" of COSC.
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In the case of organic food, a producer should only seek third-party certification if the organic price premium justifies the cost of certification and compliance.
The cost of certification accounts for part of the higher prices of organic food.
On the other hand, both certifiers and marketers/buyers of fruits and vegetables may contribute to make certification more attractive to farmers: the former by reducing the cost of certification and reinforcing its credibility in order to be more in demand in the market, and the latter by either rewarding farmers with better prices or becoming part of the farmers' clientele.
Other than that, the company is launching a developer contest and has detailed pricing for certification of applications.
Consequently, the certified price premium falls and the zone of certification shrinks.
Nonetheless, as regulation on increased land prices is going beyond the scope of certification, this aspect will have to be addressed via national regulation.
Furthermore, their study showed that price premiums are only one of many elements defining the success of certification, particularly important for motivating farmers to join, but less so to explain retention and upgrading.
As a result, there is not enough of a difference in price between certified and non-certified goods to justify the extra costs of certification.
The retailer said the price of its range of seafood options will remain unchanged, despite the additional costs of certification.
In general, the results suggest that Biodyvin wines command a price premium relative to other organic and biodynamic wines, potentially due to the tasting requirement of certification.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com