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According to the CFS, "From 1995-2011, the average cost to plant one acre of soybeans has risen 325 percent." Roundup Ready soybean seeds were introduced in 1996. Roundup Ready soybean seeds were ...
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]
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]
Pioneer sold the shares in 1998. Pioneer becomes the number one brand of soybeans in North America. 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.
In the United States, use of Roundup experienced rapid growth following the commercial introduction of a glyphosate-resistant soybean in 1996. [75] "Roundup Ready" became Monsanto's trademark for its patented line of crop seeds that are resistant to Roundup. Between 1990 and 1996 sales of Roundup increased around 20% per year. [76]
Monsanto developed a Roundup Ready genetically modified wheat but ended development in 2004 due to concerns from wheat exporters about the rejection of genetically modified (GM) wheat by foreign markets. [117] Two patents were critical to Monsanto's GM soybean business; one expired in 2011 and the other in 2014. [118]
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