Monsanto's Round-up' ready beets were a hit with Idaho Farmers in 2008
Monsanto Announces Next Wave of High Impact Technology Products
Soda Springs-- With global demand for grain doubling in the next decade, Monsanto Company says they're introducing the next wave of High Impact Technology products focused on contributing to improving farmers' yields.
New, High Impact Technologies from Monsanto has the potential to impact more than 45 million acres in crops across the nation according to Chief Technology Officer Robb Fraley.
Fraley says the company will soon launch Genuity(TM) Roundup Ready 2 Yield(TM) soybeans and Genuity(TM) SmartStax(TM) corn. The new corn products include drought-tolerant broad acre features; higher-yields and better nitrogen-utilization.
"The world population is expected to top 8 billion people by 2030, with significant dietary shifts toward more meat consumption," said Fraley." To help meet the growing food demands, we're focused on growing more grain with fewer resources through the application of new HIT products. Innovation from breeding and biotechnology has consistently delivered on the promise of more yield, helping farmers increase productivity."
"Monsanto's ability to optimize the value of its products, deliver innovation and enhance biotech trait penetration on a well-established seed footprint applies no matter where you are in the world," added Kerry Preete, Monsanto Vice President.
Preete thinks Monsanto's U.S. seeds and traits gross profit will double by 2012 , with growth of nearly 85 percent from international seeds and traits forecasted for the same time frame.
Monsanto operates a 540 acre phosphate mining operation near Soda Springs. The phosphate produced here is used in the companies Round-Up product line, not to mention toothpaste, foods and cleansers.