DuPont Co. hopes to roll out this year what could be the world’s first genetically modified soybean seed aimed at health-conscious consumers and the food companies that serve them, company officials said. Regulatory approval is pending, but DuPont is already testing the product with food processors to gauge demand and pricing. A small-scale introduction is
DuPont Tests Market For High-Oleic Soy Oil
Rural U. S. Recession Deepening
A deepening U. S. recession is taking root in rural America, spilling across a sector that has largely lagged the suffering seen on Wall Street, according to an expert with the Federal Reserve Bank of Kansas City. A drop in commodities prices and slowdown in the farm sector in the third quarter of 2008 expanded
GMO Acres Seen Rising Worldwide With Political Will
Global plantings of genetically modified corn, soybeans and other crops grew 9.4 per cent last year as economic challenges spurred growing political will to adopt biotech crops that help farmers fight weeds, pests and crop diseases, an industry-backed study said Feb. 11. More than 13 million farmers in 25 countries planted 125 million hectares of
Pioneer Hi-Bred launches U. S. hedging service
In a bid to extend its reach into the U. S. grain industry, DuPont said Nov. 13 it will launch an electronic instant hedging and cash grain commodity transaction service. The “e-Pit” program, a joint project by DuPont’s Pioneer Hi-Bred business unit and Farms Technology LLC, partly owned by Pioneer, is aimed at speeding a
U. S. farm sector cautiously welcomes Obama win
America’s farm sector has cautiously welcomed Democrat Barack Obama’s historic White House win as good news for a raft of industry priorities like crop subsidies, ethanol expansion and agricultural trade. “He knows agriculture and he has been a real supporter of agriculture,” said Rick Tolman, CEO of the National Corn Growers Association, a powerful lobbying
Monsanto quarterly loss shrinks; record sales seen
Monsanto posted a smaller quarterly loss Oct. 8 as strong herbicide and seed sales helped offset seasonal slowness and research and development costs. Shares of the agricultural technology company rose more than six per cent after company officials said they saw strong growth ahead and boosted their gross profit target for 2012 to between $9.5
Cyber-Savvy Farmer
