"It is bringing the next level of technology to the market," said Galindez.
In a message dated 8/23/2011 3:56:20 A.M. Central Daylight Time,
[log in to unmask] writes:
NOTE: Remember all the hype about reducing agrochemical use? All the
herbicides in Dow's new cocktail stand accused of causing serious harm.
EXTRACT: The new soybean will be tolerant of a new Dow AgroSciences
herbicide that combines glyphosate, glufosinate and 2,4-D so farmers can spray
the weedkiller on fields without harming the crop.
"This is our most important project ever," said Dow AgroSciences CEO
Antonio Galindez said in an interview with Reuters. "It is big."
---
---
Dow takes on Monsanto with new biotech soybean
Carey Gillam
Reuters, August 22 2011
http://af.reuters.com/article/commoditiesNews/idAFN1E77L07V20110822?pageNumb
er=2&virtualBrandChannel=0&sp=true
* New glyphosate-tolerant soybean submitted to regulators
* Aims to curb spreading weed resistance
* Dow puts Enlist system at $1 billion value
INDIANAPOLIS, Aug 22 (Reuters) - Dow AgroSciences, a unit of chemical
conglomerate Dow Chemical (DOW.N: Quote) is launching a genetically altered
soybean seed aimed as a direct assault on the dominance of global seed leader
Monsanto Co (MON.N: Quote).
Dow submitted a regulatory package on Friday seeking government approval
for a glyphosate-tolerant soybean that the company says would be the
"first-ever, three-gene," herbicide-tolerant soybean.
The new soybean will be tolerant of a new Dow AgroSciences herbicide that
combines glyphosate, glufosinate and 2,4-D so farmers can spray the
weedkiller on fields without harming the crop.
"This is our most important project ever," said Dow AgroSciences CEO
Antonio Galindez said in an interview with Reuters. "It is big."
Dow is dubbing the system "Enlist" and sees it as a replacement for
Monsanto's wildly popular Roundup Ready system that accounts for over 90 percent
of U.S. soybean acreage and also has a foothold over the vast majority of
corn planted in the United States.
After Monsanto introduced its first Roundup Ready soybean in 1996, farmers
embraced the system because it made killing weeds easier. But since then,
glyphosate use over Roundup Ready soybeans, corn, cotton and other crops
has grown so heavy that several species of crop-choking weeds have become
resistant to glyphosate-based Roundup and those weeds are spreading rapidly
through North and South America.
Dow's Enlist system combines glyphosate and two other herbicides in a way
that Dow's research has shown kills the weeds that no longer respond to
glyphosate, while still knocking out those that do.
Farmers would need to buy not only the new herbicide but also the Dow
seeds to gain the benefit.
"We call Enlist our Amazon Kindle," said Galindez, referring to the
electronic book reader released in 2007 that has helped spur a decline in sales
of traditional books from bookstores.
"It is bringing the next level of technology to the market," said Galindez.
Pending regulatory approval the soybean trait package is expected to be
available by 2015.
Dow AgroSciences has been quietly inviting farmers and seed companies to a
"show farm" outside its headquarters in Indianapolis to demonstrate the
results of comparative testing of Enlist versus Roundup.
Experts estimate glyphosate-resistant weeds have infested close to 11
million acres. It is common for weeds to develop resistance to herbicides. At
least 130 types of weeds have developed levels of herbicide resistance in
more than 40 U.S. states, more than found in any other country, according to
weed scientists.
Enlist follows Dow AgroSciences launch in 2010 of SmartStax, an insect
protection-trait and herbicide-resistance technology for corn developed under
a cross-licensing agreement between Dow AgroSciences and Monsanto.
Galindez said Enlist will build on SmartStax and hopefully help Dow
AgroSciences gain significant market share.
The release is part of an ongoing alliance between Dow AgroSciences and
M.S. Technologies, a trait and technology provider.
([log in to unmask]; + 1 913-663-2658; Editing by Alden Bentley)
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