An article in The Modern Farmer found some interesting facts when doing a story on what kind of seeds farmers are using when planting corn and soy. This is exciting!!! Excerpt: The cost of growing one acre of non-GMO corn was $680.95, the cost of growing an acre of GMO corn was $761.80 according to Aaron Bloom. That means it costs $80.85 more an acre to raise GMO corn. GMO seeds can cost up to $150 a bag more than regular seeds. The market for non-GMO foods has grown from $1.3 billion in 2011 to $3.1 billion in 2013, partially because some Asian and European countries don’t want GMO seeds. Grain dealer Clarkson Grain pays farmers an extra $2 a bushel for non-GMO soybeans and an additional $1 a bushel for non-GMO corn. The market for non-GMO seed is growing. Sales at Spectrum Seed Solutions, which sells non-GMO seed, have doubled every year for the last four years. Sales at another company that markets non-GMO seeds, eMerge Genetics of West Des Moines, Iowa, have increased by 30 percent a year for five years. Spectrum Seed Solutions president Scott Odle thinks that non-GMO corn could be 20 percent of the market in five years.
Posted on: Sat, 25 Jan 2014 07:26:44 +0000
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