WOW-the mere mention of Monsanto sure separates the farmers from the wannabees. Lower profit (not a loss, as some read into that) is a result of lower prices on roundup due to increased competition from generic glyphosate. Good news for farmers that don't feel they need the full slate of benefits that buying Roundup brand herbicide offers. (I know glyphosate is glyphosate-I am talking about the rewards program). Monsanto does an unbelieveable amount of research-and they do expect to get a return on that research, as would anybody. They also know the value to the end user of their traits, and price accordingly. Both the farmer and Monsanto split the increased profit. I do not work for monsanto-I laughed at roundup ready beans and refused to plant them for a few years. Same way with roundup ready corn. But seeing is believing-I can make more money (on average) easier (less weed and insect pressure) and more consistently with them than without them. And even though my seed bill is certainly way higher, my herbicide, insecticide, and application costs are way down, and my corn yields do not see the dramatic drops in tough years thanks to better roots and plant health.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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