I'm working on a science fiction setting right now that takes place in the distant future (several millennia from now) and the human race is ruled by a loosely allied collection of noble houses - in interregnum after the overthrow of the previously ruling dynasty. In the 3rd millennium (still measured from CE-0 in the Julian Calendar), Imperial Geneticists used ancient genetic maps of Earthbound Honey Bees to recreate the honey producing insects, giving real honey back to the human race. Since 2400, the only honey available was produced by the Karling Ant, a genetic splice of honey bees with attini tribe ants that combined the hardiness of the ants with the honey-producing and pollinating properties of the bees.
Now, the Solar Economy is centered around Karling Honey and Royal Honey, Karling Honey is produced industrially in large farming operations, Royal Honey (produced by the revived honey bees) is strictly regulated, with the only bee-hives under the direct control of the Royal Family and some noble houses. I've been postulating a system where the amount of Karling Honey produced is set at a certain ratio of that produced by the Royal Bees, with the value (and the relative value) of both being an arbitrary constant established by the Imperial Treasury.
Which brings me around to my question. Modern honey production is poorly regulated (at least in the United States, the USDA grading system for it is strictly voluntary and poorly enforced), with two varieties of honey (one being exceedingly more valuable than the other) but a wide range of possible grades or variations possible in the production honey. What are some issues that the currency backer would need to address in order to keep the honey-based economy viable?