What is obvious, is that biotechnology is the primary catalyst for these recent acquisitions. The first generation of biotech traits have been input related. What is truly exciting for me as a farmer is the prospect of biotechnology increasing the value of my corn and soybeans. Maybe because of biotechnology I will be growing a different commodity. Crops will be genetically engineered to replace materials that now come from petroleum such as chemicals, fuel, and plastics.
Transgenic crops have great potential in animal health, neutraceuticals, and pharmaceuticals.
For generations American farmers have adopted to changing technologies. The rate of change facing farmers today is truly incredible. Biotechnology is another tool for farmers to utilize to bring abundance to America.