(NAFB) – 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.
