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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.
The genetic makeup of a soybean gives it a wide variety of uses, thus keeping it in high demand. First, manufacturers only wanted to use transgenics to be able to grow more soybeans at a minimal cost to meet this demand, and to fix any problems in the growing process, but they eventually found they could modify the soybean to contain healthier components, or even focus on one aspect of the ...
In 1999, a review of Roundup Ready soybean crops found that, compared to the top conventional varieties, they had a 6.7% lower yield. [9] This so called "yield drag" follows the same pattern observed when other traits are introduced into soybeans by conventional breeding. [ 17 ]
It is believed that MON 87705 can yield up to US$0.60 per bushel more than conventional soybeans. [7]According to Joe Cornelius, Executive Director of Research and Development at Monsanto, MON 87705 has the potential to "make a real difference in efforts to produce healthier foods", for example, by reducing the saturated fat content by more than 60%. [7] “
High-yielding varieties (abbreviated as HYVs) of agricultural crops are varieties of crops that are usually characterized by a combination of the following traits in contrast to the conventional ones: Higher crop yield per unit area; Higher quality of crops; Improved response to fertilizers; Early maturation; Resistance to droughts and floods
Soybeans accounted for half of all genetically modified crops planted in 2014. [18] Adoption by farmers has been rapid, between 1996 and 2013, the total surface area of land cultivated with GM crops increased by a factor of 100, from 17,000 square kilometers (4,200,000 acres) to 1,750,000 km 2 (432 million acres). [ 19 ]
DuPont subsidiary Pioneer Hi-Bred International began producing GM corn and soy in Hawaii in the mid-1990s, when the FDA approved the crops for commercial sale. [ 1 ] As of 2008, Hawaii had been the site of more than 2,230 field trials of genetically modified (GM) crops, including corn , soybeans , cotton , potatoes , wheat , alfalfa , beets ...
At this time, there was a growing interest in soybeans. Soybeans are a legume; bacteria nodules on the roots of legumes turn atmospheric nitrogen into ammonia through a process called nitrogen "fixing", enriching the soil. This alone made soybeans useful in crop rotation, but soybeans were known to be high in protein and vegetable oil as well.