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All this means rising seed costs. "The retail price for beans today is in the mid-$30s (per bag) to the upper $30s before discounts," says Kassmeyer. "In the pre-glyphosate days, seed costs were $12 to $15 per bag."
Although this might pain your pocketbook, there's an upside in that it forces farmers and seed dealers to think more about soybean variety selection and inputs to protect those varieties.
"It used to be you'd spend quite a few hours selling corn hybrids, and maybe 10 minutes selling three pallets of beans," says Kassmeyer.
No more. Now, the increasing emphasis on traits and complex breeding techniques is prompting farmers to look more closely at soybean variety selection, he says. It's a way of boosting production so soybeans can stay competitive with corn when it comes to planted acreage. The biofuels market will continue to pressure soybean acres, he adds.
"The real dilemma in soybeans is how to get more production out of each acre," says Kassmeyer. Syngenta aims to meet this dilemma through its genetics, traits, and crop protection products, he adds.
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