There's a fly in the ointment at Monsanto
The world of genetically modified crops is fiercely competitive, with Monsanto, DuPont
This isn't surprising, given that Monsanto's gene is found in roughly one-third of all corn grown in the U.S., and that the high price of corn has led farmers to stop rotating crops each year. Farmers might be able to continue growing corn each year if they instead rotated pest-management strategies, giving pests less time to build a resistance. This would be bad news for Monsanto, but good news for its smaller rivals, as well as insecticide companies like Dow Chemical
Monsanto has already stated that its seeds work as intended on 99% of the acres using them, and Gassman has also said that it's too early to tell whether this is just an isolated issue, or if it will be more widespread, like Roundup-resistant "superweeds." To stay updated on any developments, add these companies to your My Watchlist.
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