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Old 05-10-2007, 04:24 PM
Brad1970 Brad1970 is offline
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Join Date: Oct 2006
Location: South of the Mason-Dixon line
Posts: 1,815
Default Re: Ethanol and Oil&Corn Prices

[ QUOTE ]
They have had a scandal, but I have other worries as well.

The wiki has good info on price fixing behavor: http://en.wikipedia.org/wiki/Archer_Daniels_Midland

However, my main concern is with ADM's attempts to disrupt
bio-diversity. This is done by creating hybrid/GMO seeds
and then distributing them to farmers who then have to
continue to repurchase seeds from the company every year
because the seeds are sterile (plants don't grow more seeds)
They will even give the seeds away for free to some farmers,
but then those farmers will have to start purchasing seeds
every year instead of just collecting seeds like they used
to.

This is a perfectly legal and quite common practice among
large agricultural producers and even some small ones.
However, with my studies, I feel that this is a bad
direction to take and it is ultimately going to leave the
world's food supply more vulnerable to various afflictions.
There are plenty of good benefits from seed research, but
this is not one of them IMHO.

[/ QUOTE ]

You need to get your facts straight. ADM is not the one "creating" GMO seeds. That would be Monsanto...and a few others...but Monsanto is the ringleader. ADM is a handler & processor not a grower.

BTW, the seeds aren't 'sterile'. They never were. Farmers have to sign an agreement (and pay a fee) prior to purchasing & using the seeds stating that they will not retain any for planting the next year. It is another way that the manufacturer pads their bottom line. If they catch you replanting seed from a prior crop, they will prosecute you.

Trust me, they don't "give away" seed....GMO seed is expensive.
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