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Seed producers pleased with Syngenta-Pioneer venture

Agriculture.com Staff 04/12/2006 @ 9:17am

The Independent Professional Seedsmen Association (IPSA) today released a statement regarding this week's announcement of a joint venture between Syngenta and Pioneer Hi-Bred International, a subsidiary of DuPont.

The agreement establishes GreenLeaf Genetics LLC as a 50/50 joint venture to out-license genetics and biotechnology traits to U.S. and Canadian seed companies.

"This announcement is great news for American farmers and for independent seed companies. As everyone is aware, the seed business is extremely competitive," IPSA President Tom Burrus said. "The addition of another high quality source to the portfolio of genetic suppliers and biotechnology traits enhances our ability to distribute products that bring the ultimate in performance and profitability to growers in our market area."

Typically, independent seed companies look at many sources for genetics and traits. Most have testing programs to sort choices from their own breeding programs along with other licensed products that fit their market area. Burrus said this announcement will encourage more seed companies to remain independent in the future.

"This is a breakthrough event that means GreenLeaf Genetics will now have available a new and unique pool of corn and soybean genetics from both companies’ research efforts and will be able to assist customers in obtaining licenses for traits from either company," Burrus said. "It will greatly enhance the depth and quality of genetics we license to customers."

The Independent Professional Seedsmen Association (IPSA) today released a statement regarding this week's announcement of a joint venture between Syngenta and Pioneer Hi-Bred International, a subsidiary of DuPont.

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