Agricultural News
Big Crowd Attends Workshop on Competition in Agriculture
Mon, 15 Mar 2010 5:40:43 CDT
USDA and the Department of Justice held the first-ever joint public workshop on competition and regulatory issues in the agriculture industry. Led by Ag Secretary Tom Vilsack and Attorney General Eric Holder, this workshop held last Friday featured panel discussions on a variety of topics important to America's farmers and ranchers, including competitive dynamics in the seed industry, trends in contracting, transparency and buyer power, and concluded with public testimony.
Secretary Vilsack called the issues - difficult and complex, which is why this workshop is so important and long overdue. Attorney General Holder said we are committed to enforcing the antitrust laws effectively to ensure fair and open competition that protects both consumers and farmers.
Monsanto Vice President of Industry Affairs Jim Tobin represented Monsanto in last Friday's workshop exploring competition issues in the agriculture industry. Tobin notes - the fight to win the farmer's business is intense and that has translated to not only more profitable choices for farmers over the past decade, but also more value for farmers.
Tobin believes Monsanto's early decision to widely license its technology had made the company's innovations broadly available to farmers across the country, providing them with another choice as they looked to combat weeds and bugs on farm. Monsanto currently licenses its products to independent seed companies as well as its competitors.
Third party research estimates U.S. farmers have realized 20-billion dollars in extra income in one decade from growing biotech corn, soybeans and cotton. Tobin says - farmers have utilized these inventions to garner important benefits such as higher yields, pesticide reduction, time-savings and the ability to adopt conservation techniques in their farming operations.
Our Colleague with Agri-Pulse, Stewart Doan, was in Ankeny at the workshop- and files a report with us. Click on the Listen Bar below for his audio review of the day.
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