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1993 - Pioneer paid $38 million to Monsanto for rights to Bt corn that is resistant to European corn borers. 1995 - Pioneer stock is listed on the NYSE as PHYB. 1996 - Pioneer acquires 20% stake in Sunseeds Co. (a hybrid vegetable seed producer) in exchange for Pioneer's vegetable seed operation.
Pioneer Hi-Bred International, Inc. (Pioneer) owns patents that cover the manufacture, use, and sale of various hybrid corn seed products (plants and seeds). Pioneer sells its patented hybrid seeds under a limited label license that provides: "License is granted solely to produce grain and/or forage."
The DowDuPont agricultural businesses that became Corteva had revenue of over $14 billion in 2017, [9] which would have placed the company in the Fortune 500 for that year. A major part of the company is Pioneer Hi-Bred International, which DuPont purchased in 1999.
A 2018 study found that Bt-corn protected nearby fields of non-Bt corn and nearby vegetable crops, reducing the use of pesticides on those crops. Data from 1976 to 1996 (before Bt corn was widespread) was compared to data after it was adopted (1996–2016). They examined levels of the European corn borer and corn earworm. Their larvae eat a ...
In 1923, he reached the first-ever contract for hybrid seed production, agreeing to grant the Iowa Seed Company the sole right to grow and sell Copper Cross corn. [18] In 1926, he co-founded the Hi-Bred Corn Company to develop and produce hybrid corn. It initially turned only a small profit, but eventually became a massive financial success. [19]
As a result, DeKalb was the leader in U.S. hybrid seed corn sales from the mid-1930s until the mid-1970s (Crabb 1948. Roberts 1999). [2] In 1982 DeKalb formed a joint venture with Pfizer, called DeKalb-Pfizer Genetics, and in 1985 the name was changed to DeKalb Corporation. The seed business was spun off as DeKalb Genetics Corporation in 1988. [4]
Monsanto was one focus of protests with respect to the price and yields of Bt seed. In 2005, the Genetic Engineering Approval Committee, the Indian regulatory authority, released a study on field tests of certain Bt cotton strains in AP and ruled that Monsanto could not market those strains in AP because of poor yields. [ 196 ]
One bushel of corn can produce 2.8 gallons of ethanol in as well as 17-18 pounds of DDGS. [13] Compared to other major sources, corn is the least efficient means of ethanol production. In 2007, the production process used 75% of the energy extracted. [14] [needs update] On account of great demand for ethanol, corn is fetching higher prices.
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