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Friday, September 14, 2007

Seeds of Wealth

Here's some news that will be of interest to those who received my Agriculture Boom report yesterday ...

Dow and Monsanto team on hybrid corn

MIDLAND, Mich. --Dow Chemical Co. and agribusiness giant Monsanto Co. said Friday they have teamed up to market a corn hybrid using genetic technology from both companies, in a move to expand their seed brands and traits business.

The cross-licensing agreement between the Dow AgroSciences LLC division and Monsanto is intended to create corn, called SmartStax, which includes eight different genes that tolerate weed killers and protect against insects both above and below ground.

The technology should be available by the end of the decade, Dow said, and will be the first-ever eight-gene stacked corn combination.

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