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In reply to the discussion: No more GMO: Monsanto drops bid to approve new crops in Europe [View all]Dagny_K
(39 posts)I'm always amused and bemused by how fixated folks can be on Monsanto. Europe has several of its own huge ag-biotech companies including Bayer Crop Science and BASF in Germany, Syngenta in Switzerland (#2 in the world), and Groupe Limagrain in France. Here in the US, I figure the guys over at Dow AgroScience and DuPont laugh their asses off at how Monsanto is constantly being harassed while they carry on virtually off the radar.
I'm a former commodities broker specializing in grains. I created the original version of the website GrainAnalyst.com. For the last several years, DuPont seeds have been used by the winners of popular annual crop yield contests. It used to be 100 bushels of corn yield per acre was pretty good. Yield contest winners are reaching 300 bushels per acre.
GMO seeds aren't going anywhere for one reason that few people understand: FARMERS WANT TO BUY GMO SEEDS. If you could make triple the money you used to make, wouldn't you do it? Sure you would. USDA stats report that 97% of US farms are still family and farmer-cooperative owned. Nobody's forcing them to do anything. They want to produce higher yields to make more money so they buy GMO seed to do it.