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Stine Seed Company was founded by Harry Stine's father in the 1950s as Stine Seed Farm. [1] In 1997, they entered into a large-scale collaboration with Monsanto, focusing on increasing corn and soybean yields. [2] In 2014, Forbes estimated that the company was worth almost US$3 billion, with estimated sales of over $1 billion and margins over ...
In 1894, his grandfather Ira Cloyd Stine married Lydia Sheaffer and they had had four children, all sons. Everyone worked for I.C Stine and Sons until after World War II. In 1934, Bill and Roselba Stine moved to the 200-acre farm that would become Stine Seed Farm, which was founded in the 1950s. [4] [5]
As a result, DeKalb was the leader in U.S. hybrid seed corn sales from the mid-1930s until the mid-1970s (Crabb 1948. Roberts 1999). [2] In 1982 DeKalb formed a joint venture with Pfizer, called DeKalb-Pfizer Genetics, and in 1985 the name was changed to DeKalb Corporation. The seed business was spun off as DeKalb Genetics Corporation in 1988. [4]
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Bowman v. Monsanto Co., 569 U.S. 278 (2013), was a United States Supreme Court patent decision in which the Court unanimously affirmed the decision of the Federal Circuit that the patent exhaustion doctrine does not permit a farmer to plant and grow saved, patented seeds without the patent owner's permission. [1]
In the 1990s, research between D&PL and the U.S. Department of Agriculture resulted in three U.S. patents on terminator seed technology. [13] The first patent (Number 5723765) was issued on March 3, 1998, [ 14 ] [ 15 ] which patented three genes which together cause seed to be sterile unless treated with a proprietary spray, dubbed a ...
In 1958, the company formally changed their name to Asgrow Seed Company. The Upjohn Company acquired Asgrow in 1968 in a stock swap. [2] In 1994, Mexico-based company, Empresas La Moderna SA purchased Asgrow for $300 million. At the time, Asgrow was the fifth-largest seed company with $270 million in sales.
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