US Agriculture Secretary says Biden administration to look at seed competition
Oct 20 (Reuters) - U.S. Agriculture Secretary Tom Vilsack said seeds are the next thing the Department of Agriculture will look at under a Biden administration order on competition, during an event with farmers and Mexico's agriculture minister in Iowa on Wednesday.
The administration plans to take a look at the seed industry and "why it's structured the way it's structured," Vilsack said. "You wonder whether these long patents make sense."
Companies, including Bayer AG and Corteva Inc , develop genetically modified seeds and herbicides that other companies can only produce once a patent expires. Bayer, which acquired Monsanto in 2016, has long been dominant in the U.S. market. (Reporting by Tom Polansek; editing by Jonathan Oatis)
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