Getting farmers to use genetically-modified seeds has not been easy. Consumers are also wary of eating food that comes from these products. The EU and India actually have bans on the seeds.
But, with the rising need for alternative fuels and the shortage of corn to make ethanol the "non green" seed products are in demand. Funny how money makes people change their minds.
Monsanto (MON) said that its genetically-modified corn seed sold out this year. Farmers need more yield per acre and want to plant corn in soil that was previously ill-suited for the task.
Then, of course, there are the problems that global warming seems to be creating in the drought department. Having seeds that will grow in anything short of concrete can be very helpful.
India and the EU will change their minds on GM seed. They have to. The demand for food and alternative fuels is gaining too fast.
Monsanto may have been the ugly duckling of the agriculture industry, but that has changed.
Douglas A. McIntyre
Buffett Missed These Two…
Warren Buffett loves dividend stocks, and has stuffed Berkshire with some of his favorites.
But he overlooked two dividend legends that continue to print checks on a new level, they’re nowhere in his portfolio.
Unlock the two dividend legends Buffett missed in this new free report.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
