Farmer’s Business Network (FBN) is developing generic Bt corn
that it expects will hit the U.S. market in two years, sending seed corn prices
into a steep dive.
When Monsanto offered the first varieties genetically modified
to include a gene to produce Bacillis thuriengensis to ward off insects, it
charged a premium of $9.50 per bag of seed corn.
Today prices are close to $300 a bag. FBN figures it can sell
it for $100 less.
