Cheaper Insurance for US Biotech Corn Farmers
August 22, 2008| |
The US Department of Agriculture’s (USDA) Federal Crop Insurance Corporation (FCIC) has approved the expansion of a risk management program that effectively lowers crop insurance costs for farmers planting selected Monsanto, Pioneer or Syngenta biotech seeds. The program is an expansion of the 2008 pilot Biotech Yield Endorsement Program, in which Monsanto seeds were the only ones approved for the premiums. FCIC said that the program applies to corn seed hybrids containing specific biotech traits that enhance protection against above-ground lepidopteran pests and below-ground corn rootworm damage, and confer tolerance to some herbicides.
The following seed technologies and states will be eligible for coverage beginning with the 2009 crop year:
- Monsanto YieldGard Plus with Roundup Ready Corn 2, YieldGard VT Triple, and YieldGard VT Triple PRO hybrids for non-irrigated corn for grain, which expands from the original four states of Illinois, Indiana, Iowa, and Minnesota to include Michigan, Missouri, Ohio, South Dakota, Wisconsin, Kansas, and Nebraska.
- Pioneer and Dow AgroSciences Herculex Xtra and Herculex Xtra RR2 hybrids for non-irrigated corn for grain in Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, South Dakota, and Wisconsin.
- Syngenta Agrisure CB and RW stacked and Agrisure 3000GT hybrids for non-irrigated corn for grain in Iowa, Illinois, Indiana, Minnesota, Nebraska, South Dakota, and Wisconsin.
The complete article is available at http://www.rma.usda.gov/news/2008/08/fcicbiotech.html
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