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EPA Approves The Use Of Monsanto's Altered Corn

Football Betting Spread The government announced yesterday that it had approved a type of genetically modified corn that it says could lead to a significant reduction in the use of toxic insecticides.

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Commodity Spread Trading The approval was granted by the Environmental Protection Agency to a corn developed by Monsanto that is resistant to the corn rootworm. This soil-dwelling pest accounted for one out of seven applications of insecticide to all agricultural crops, according to the E.P.A. The resistant corn would require little or no chemicals.

"EPA Allows Planting Of Biotech Corn" [Oct. 17] organic farming. It ignores the crisis that organic corn farmers face every summer as they wonder whether genetically engineered corn pollen will drift into their fields and contaminate their crops. It leaves out the fact that foreign markets are increasingly rejecting U.S. corn harvests due to the presence of biotech corn, and many countries are adopting stringent standards to detect contamination.

Nfl Betting Spread "Corn rootworm is the pest that requires the single largest use of conventional pesticides in the United States," said Stephen L. Johnson, the E.P.A.'s assistant administrator for prevention, pesticides and toxic substances. "From an environmental and human health perspective, this product replaces some very significant problematic, or potentially problematic, chemicals."

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Advanced Commodity Spread The approval is a boost for Monsanto, which has been struggling with falling earnings, and for biotechnology crops, because it is the first truly new product in some years. Until now the industry has subsisted on variations of two main products: soybeans and other crops resistant to Monsanto's Roundup herbicide, and BT corn and cotton, which are resistant to the corn borer and the cotton bollworm, respectively.

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Betting Exchange Spread The new product is also a form of BT corn, meaning it contains a gene from a bacterium called Bacillus thuringiensis that causes the plant to produce a toxin that kills the rootworm. But the type of BT toxin is different from the ones used to kill the corn borer and the bollworm.

But scientists from the University of California at Berkeley published studies last year saying they had found transgenic corn, also known as genetically modified corn, in the mountains of Oaxaca. The results from Berkeley have been challenged since then, though the scientists and local groups maintain that the mutated corn is still spreading in the Oaxaca Sierra. Genetically modified crops are plants spliced with foreign genes to help them resist drought and pests. No health risks have proved to be linked to the consumption of transgenic corn.

Stock Spread Trading Advocates of crop biotechnology have long said that one of its benefits would be to cut the use of more toxic insecticides that are sprayed on fields, often killing not only the target pests but other insects and wildlife and endangering the health of farmers. With the existing BT corn, some experts say, there has been little if any reduction in pesticide use because farmers do not always spray for the corn borer.

Online Spread Betting Monsanto said it expected the genetically engineered corn, which is called YieldGard Rootworm, would eventually be used on 12 million to 15 million of the nation's 80 million acres of corn, generating $150 million to $200 million in revenue. But this year there will be less than a million acres grown because many farmers had already bought their seed before the approval came and because Monsanto needs to manufacture more seed.

Complete Guide Spread Trading Monsanto is banking on genetically modified crops to reduce its dependence on its mainstay Roundup herbicide, which is now facing generic competition. The company's profits have been weak because of the competition for Roundup, economic problems in Latin America and resistance to genetically modified crops in some areas of the world, particularly Europe. The company's stock fell 7 cents, to $16.75.

Betting Horse Racing Spread Fred Yoder, president of the National Corn Growers Association, predicted farmers would eagerly adopt the new corn. "We've been waiting a long time for this," he said. "Rootworm is the No. 1 pest and the No. 1 yield robber we have in growing corn."

Low Spread Forex Trading But Charles Benbrook, a consultant and former agricultural specialist for the National Research Council who has been critical of genetically modified crops, said that data provided by Monsanto showed the corn would not kill all the rootworms. "If it doesn't perform any better than soil insecticides I think a lot of farmers will stick with the insecticides," he said.

Sport Spread Betting The E.P.A. regulates the plant because it is considered to contain a built-in pesticide.

Trading Spread And Seasonals To prevent rootworms from becoming resistant to the BT corn, the E.P.A. is requiring that farmers plant 20 percent of their corn fields with different corn, as a refuge. That is the figure proposed by Monsanto.

Arbitrage Spread Trading But the majority of members of a scientific advisory panel convened by the E.P.A. last August recommended that the refuge be 50 percent of each farm's corn acreage. This larger refuge requirement might have discouraged some farmers from growing the new corn.

Betting Guide Insider Sports Mr. Johnson of the E.P.A. said that after the advisory panel meeting, Monsanto submitted more information that led the agency to conclude that 20 percent would be enough. That requirement is the same as for existing BT corn varieties, and that would make it easier for farmers to comply.

Betting Spread Successful The approval of the new corn is only for about one year, though it is expected to be extended to three years, he said. In that time, he said, scientists could gather more data on what size of a refuge is needed.

College Football Betting Dow Chemical and the Pioneer Hi-Bred unit of DuPont are working together on their own version of BT rootworm resistant corn, which they hope to market in 2005.

Betting Financial Risk Spread By Andrew Pollack
New York Times - 2/26/2003

Topic: Genetic Engineering

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