NEWS
NGFA Tallies Cost of Unapproved Traits
Katie Micik DTN Markets Editor
Wed Apr 16, 2014 05:07 PM CDT

OMAHA (DTN) -- The National Grain and Feed Association estimates the U.S. corn, DDG and soybean industries suffered a $1.95 billion loss due to China's rejection of cargos that tested positive for the Agrisure Viptera MIR 162 trait.

The bulk of that loss is an estimated 11-cent-per-bushel lower average price for corn, the association said.

The potential loss resulting from the commercial launch of the Agrisure Duracade could range from $1.2 billion to $3.4 billion, NGFA said. The analysis only included losses from China, but the group noted the trait is awaiting approval in 28 countries not included in the ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
Brazil Intacta Royalty Controversy
Grain Shipper Files for Bankruptcy
Biotech Bill Clears Hurdle
Biotech Labeling Bill on Deck
Crop Tech Corner
USDA's Role in Biotech Labels
New Weed-Control Traits Planted
Sorghum's GMO Question
New Rootworm Trait Advances
Under the Agridome