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Current Roundup Ready crops include soy, corn (maize), canola, [2] sugar beets, [3] cotton, and alfalfa, [4] with wheat [5] still under development. Additional information on Roundup Ready crops is available on the GM Crops List. [6] As of 2005, 87% of U.S. soybean fields were planted with glyphosate resistant varieties. [7] [8]
Monsanto's GM cotton seed was the subject of NGO agitation because of its higher cost. Indian farmers crossed GM varieties with local varieties, using plant breeding, violating their agreements with Monsanto. [149] In 2009, high prices of Bt Cotton were blamed for forcing farmers of Jhabua district into debt when the crops died due to lack of rain.
In that period prices shot up 516 percent for cotton, and corn seed prices rose by 259 percent. (Seventy percent of the corn and cotton grown in the U.S. is Roundup Ready, according to The New ...
The patent on the first type of Roundup Ready crop that Monsanto produced (soybeans) expired in 2014 [99] and the first harvest of off-patent soybeans occurs in the spring of 2015. [100] Monsanto has broadly licensed the patent to other seed companies that include the glyphosate resistance trait in their seed products. [101]
With a slightly lower yield than newer Monsanto varieties, it costs about 1/2 as much, and seeds can be saved for subsequent years. According to its innovator, it is adapted to conditions in Arkansas. Several other varieties are being bred by crossing the original variety of Roundup Ready soybeans with other soybean varieties. [10] [13] [14]
1992 - Pioneer paid $450,000 to Monsanto for rights to genetically modified soybean seeds that are resistant to RoundUp herbicide. 1993 - Pioneer paid $38 million to Monsanto for rights to Bt corn that is resistant to European corn borers. 1995 - Pioneer stock is listed on the NYSE as PHYB.