<http://aftermathnews.wordpress.com/2009/08/15/monsanto-to-charge-as-much-as -42-more-for-new-gm-seeds/> Monsanto to Charge as Much as 42% More for New GM Seeds
August 15, 2009 ・ Leave <http://aftermathnews.wordpress.com/2009/08/15/monsanto-to-charge-as-much-as -42-more-for-new-gm-seeds/#respond> a Comment <http://www.bloomberg.com/apps/news?pid=20601103&sid=aLW8VZBkP3PA> Bloomberg | Aug 13, 2009 By Jack Kaskey Monsanto Co., the world’s largest seed maker, plans to charge as much as 42 percent more for new genetically modified seeds next year than older offerings because they increase farmers’ output. Roundup Ready 2 Yield soybeans will cost farmers an average of $74 an acre in 2010, and original Roundup Ready soybeans will cost $52 an acre, St. Louis-based Monsanto said today in presentations on its Web site. SmartStax corn seeds, developed with Dow Chemical Co., will cost $130 an acre, 17 percent more than the YieldGard triple-stack seeds they will replace. “Our pricing has the flexibility built in to ensure the grower captures the greatest return from his seed investment, irrespective of market volatility,” Chief Executive Officer Hugh Grant said today in a statement. Grant is introducing new modified seeds that boost yields as part of a plan to double gross profit from 2007 to 2012. The new soybeans, which resist Monsanto’s Roundup herbicide, produce 7.4 percent more soybeans per acre than the older version. SmartStax kills insects in multiple ways, reducing the amount of conventional corn that must be planted to deter insecticide resistance. “SmartStax pricing is higher than we initially expected,” Vincent Andrews, a New York-based analyst at Morgan Stanley, said today in a report. Monsanto rose $1.57, or 1.9 percent, to $84.03 at 4:15 p.m. in New York Stock Exchange composite trading. The shares have gained 19 percent this year. Acreage Forecasts SmartStax corn seed will be planted on as many as 4 million acres in 2010, its first year on the market, with a potential for as many as 65 million acres in the U.S. eventually, the company said. The new seed boosts yields 5 percent to 10 percent compared with other products, partly by reducing the amount of land that must be planted with conventional corn to 5 percent from 20 percent, Monsanto said. Pricing for SmartStax is at the high end of expectations, Laurence Alexander, a New York-based analyst at Jefferies & Co., said by telephone. Roundup Ready 2 Yield soybean seeds were planted on 1.5 million acres this year and will be planted on as many as 8 million acres next year in the U.S. with a potential to one day reach 55 million acres, Monsanto said. The company is pricing its seeds to share the benefit of increased yields with farmers, said Mark Gulley, a New York- based analyst at Soleil Securities. Prices include seed treatments designed to protect seedlings from pests and disease, Monsanto said. “They are in essence splitting the value of the extra yield 50-50,” Gulley said by telephone. Monsanto repeated its forecast for earnings in the fiscal year that ends this month at the low end of a range of $4.40 to $4.50 a share. The average estimate of 16 analysts surveyed by Bloomberg was for profit of $4.41 a share. <http://aftermathnews.wordpress.com/2009/08/15/monsanto-to-charge-as-much-as -42-more-for-new-gm-seeds/#respond> → Leave a CommentCategories: <http://en.wordpress.com/tag/big-agribiz/> Big Agribiz ・ <http://en.wordpress.com/tag/crime-corruption/> Crime & Corruption ・ <http://en.wordpress.com/tag/economic-meltdown/> Economic Meltdown ・ <http://en.wordpress.com/tag/genetic-engineering/> Genetic Engineering ・ <http://en.wordpress.com/tag/monopolies/> Monopolies <http://aftermathnews.wordpress.com/2009/08/15/gm-crops-could-send-food-pric es-skyrocketing/> GM Crops could send food prices skyrocketing August 15, 2009 ・ Leave <http://aftermathnews.wordpress.com/2009/08/15/gm-crops-could-send-food-pric es-skyrocketing/#respond> a Comment GM FOOD: Shopping prices could soar because of an increase in GM crops <http://www.express.co.uk/posts/view/120659/GM-crops-could-send-food-prices- rocketing> Daily Express | Aug 15, 2009 By Louise Barnett Milk, meat and egg prices could rocket by 20 per cent because of foreign farmers growing more GM crops, experts warned yesterday. UK animal feed, which is made mainly from soya, could quadruple in price within two years if growers in Brazil and Argentina produce more genetically modified soya, which is banned in Europe, according to government research. Non-GM soya would rocket in price, making animal and poultry feed more expensive and ramping up UK meat and poultry costs by around a fifth. Farmers are worried they face unfair competition from countries which allow GM crops. The National Farmers’ Union director of policy Martin Haworth warned: “There is a very real danger that livestock producers, both here and across the EU, will be unable to compete.” The GM Crops And Foods report has been published jointly by the Department for Environment Food and Rural Affairs and the Food Standards Agency. It says Britain’s livestock farms rely on Brazil and Argentina for 90 per cent of imported soya used in feed for poultry, cattle and pigs. Defra’s research outlines a worst-case scenario in which British farmers cannot buy soya from either Argentina or Brazil if they only grow GM crops - the use of which is banned here. Feed costs would soar by 300 per cent, while UK pork and poultry production would plunge by up to 68 per cent. As a result, the report suggests, shop prices for meat and poultry would jump by up to 20 per cent. <http://aftermathnews.wordpress.com/2009/08/15/gm-crops-could-send-food-pric es-skyrocketing/#respond> → Leave a CommentCategories: <http://en.wordpress.com/tag/big-agribiz/> Big Agribiz ・ <http://en.wordpress.com/tag/food-psyops/> Food Psyops ・ <http://en.wordpress.com/tag/genetic-engineering/> Genetic Engineering ・ <http://en.wordpress.com/tag/globalization/> Globalization ・ <http://en.wordpress.com/tag/monopolies/> Monopolies <http://aftermathnews.wordpress.com/2009/08/15/in-india-swine-flu-hysteria-s preads-faster-than-virus/> In India swine flu hysteria spreads faster than virus More- http://aftermathnews.wordpress.com/ *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. 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