In a study by the US Department of Agriculture on the ruling by District Judge Jeffrey White on banning Monsanto's (NYSE:MON) Roundup Ready sugar beets until further testing, the conclusion is sugar production in the U.S. could drop by 20 percent in 2011.
Daniel Colacicco, a USDA economist, concluded, "The limited availability of conventional seed will severely restrict plantings of sugar beet in 2011."
White ruled the sugar beet seed of Monsanto couldn't be planted again until more extensive environmental impact studies were completed.
In 2009, genetically modified sugar beet seeds accounted for about 95 percent of the crop grown in the U.S. Estimates are about 1.6 million tons of sugar beet production will be lost in 2011 from the decision.
Some thing there will be intervention of some type to keep that from happening.
Sugar beets already in the field are allowed to be harvested this year.
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