This year's projected soybean acreage is up 1 percent from last year. Soybeans have become increasingly popular with farmers in recent years because of federal price supports that make the crop more profitable than some other commodities, according to analysts. Analysts had expected the reduction in biotech corn because of resistance to the corn in overseas markets and a decline in borer populations. There are concerns the engineered corn could be toxic to monarch butterflies and that corn borers could develop resistance to it. Biotech food has met consumer resistance in Europe and Asia that is trickling into the United States.
Farmers are concerned.
Seed companies have insisted that demand for biotech varieties is in line with year. All Rights Reserved. Viacom Internet Services Inc. All Rights Reserved.