Monday, September 27, 2010

Beet Farmers Devastated Over Monsanto (NYSE:MON) Seed Ban

The decision by seemingly activist Federal District Court Judge Jeffrey White to ban genetically modified sugar beet seeds from Monsanto (NYSE:MON) has farmers crushed under the uncertainty of what will happen to their industry going forward.

White stated in his ruling, agreeing with the Center for Food Safety, which filed the lawsuit against Monsanto, that they had not been tested thoroughly enough to ensure safety of human consumption and possible environmental risks.

The Animal and Plant Health Inspection Service or APHIS, a unit of the USDA, deregulated the sugar beet seeds, leading to the lawsuit.

White ordered the USDA to prepare an environmental impact statement and to approve the crop again. That could take up to a period of two years, or possibly more.

Similar to their other genetically modified seeds, Monsanto makes them strongly resistant to their Roundup herbicide, which allows farmers to spray the beets without concern of damaging the crop.

The benefit is much higher yields and significantly lower cost inputs, as the need to water as much, use fuel and labor costs are lowered.

Proponents of the lawsuit and decision say it shouldn't be a problem for sugar beet farmers, as they can just go out and buy sugar beet seed, which they assert is plentiful.

According to Luther Markwart, executive director of the American Sugar Beet Growers Association, it's far from as simple as that.

As far as the seed part of it goes, finding non-genetically modified seed isn't as easy as stated. And once it is found, Markwart said it will be at least two to three years old, with no guarantees as to the viability of the seed. That assumes all sugar beet growers can even obtain the seed in the first place.

Markwart added that very little conventional seed has been grown for planting in the last couple of years, making it nowhere near as easy to find as some say.

He said, "If you can even get conventional seed it would be two to three years old, so its viability is a question."

That's only the beginning of problems for sugar beet growers though. New equipment like weed sprayers have been acquired to make way for the Roundup Ready seed. Farmers would have to go out and buy old equipment to use on the old seeds.

Just as difficult will be finding past herbicides used on conventional sugar beets, said Markwart. The market is no longer there, as approximately 95 percent of sugar beets are grown in the U.S. using genetically modified seed.

He concluded, only the Animal and Plant Health Inspection Service can save things for American sugar beet farmers, which has the authority to deregulate the beets partially or conditionally, which would pave the way to planting them in the coming spring season.

8 comments:

Anonymous said...

GM Seeds should have never been created in the first place... The American consumer does not want Franken Foods, and they should not be forced to consume these GM products... the farmers must comply with what the majority of American's want, not what Monsanto will profit from.

Anonymous said...

Monsanto stock is going to go down the pan quicker than you can say sell! There really is no future for this company. Everything they say about GM is a complete fabrication and it won't be long before everyone knows it. Monsanto has some very powerful enemies who will ensure the safety of the food we eat.

Anonymous said...

What noone realizes is that GM seeds are saving the world, and Monsanto gets a lot of guff for what happened 30 years ago. they are a completely different company now and none of what they do now is harmful. Roundup is one of the least harmful herbicides around and GM seeds are helping farmers and helping people. There is nothing harmful about them. Its just the consumer (because horrible organizations like green peace) has the the idea that they are bad. You eat more GM product then you even know...

Anonymous said...

GM has in fact been around for centuries in the form of (cross)breeding. I.e. altering species (animals and plants) to be healthier, better tasting, more robust, etc.
The only difference is that we can now modify faster and thereby help a lot of people get good food from surviving crops.
Of course there are ethical and moral limitations and these need to be discussed and regulated carefully but bluntly opposing GM is very short sighted and naive.

Anonymous said...

Farmers devastated That's pure BS!
GMOs are too invasive to allow into the field. There is no co-habitation with such a species.
No gmos on my plate!

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