Friday, August 23, 2019

Bt corn patents nearing expiry

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.