Tuesday, September 7, 2010

DuPont Gains on Monsanto as Farmers Question High-Tech Seeds

"Iowa farmer Tom Oswald says he used to prefer Monsanto Co.’s premium corn seeds because they 'yield like crazy.' That was before they became too expensive."

That is the opening paragraph in a great article about the competition between Monsanto and DuPont who supply most of the corn and soybean seeds to U.S. farmers. In the previous post Professor Datta speaks about the need for even more advancements in the genetic engineering of plants if there is to be a chance of feeding the world in 2050 when he believes there will be 10 billion people looking for food. This article gives some good insight into where these companies stand on engineering corn and soybeans, and their near-term strategies. Here is a link if you would like to read it.

http://www.bloomberg.com/news/2010-08-24/dupont-gains-on-too-big-for-britches-monsanto-as-farmers-switch-seeds.html

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