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USDA approves Syngenta, Deere for crop insurance biotech endorsement

Agriculture.com Staff 08/20/2008 @ 7:39am

Officials from Syngenta Seeds, Inc. and John Deere Risk Protection, Inc. announced this week that USDA's Federal Crop Insurance Corporation (FCIC) has approved Syngenta Agrisure and other approved biotech corn seed brands for a broadened crop insurance endorsement that provides insurance premium discounts to farmers.

This extends the program for discounts of certain federally-reinsured crop insurance policies and simplified terms to growers who use multiple biotech corn suppliers.

John Deere Risk Protection, which insures growers against yield risks, and Syngenta, jointly submitted the insurance proposal to the FCIC earlier this year. The crop insurance premium discount for growers of Agrisure seeds will initially be offered in Iowa, Illinois, Indiana, Minnesota, Nebraska, South Dakota and Wisconsin. Additional program details will be announced this fall.

Ron Litterer, President of the National Corn Growers Association, says the FCIC decision is a win for growers and the industry overall. "We applaud the work of Syngenta, John Deere Risk Protection and the FCIC and RMA in extending access to the Risk Management Biotechnology Endorsement to growers across a wider portion of the Corn Belt," he says.

Officials from Syngenta Seeds, Inc. and John Deere Risk Protection, Inc. announced this week that USDA's Federal Crop Insurance Corporation (FCIC) has approved Syngenta Agrisure and other approved biotech corn seed brands for a broadened crop insurance endorsement that provides insurance premium discounts to farmers.

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