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 Monsanto buys InterGrain stake provides hope for growers 

Monsanto buys InterGrain stake provides hope for growers

02 Sep, 2010 12:00 PM
FARMERS may be having a tough time in the west this season due to lingering dry conditions.

But last week's announcement of a ground-breaking new plant breeding technology partnership between Monsanto and InterGrain has provided a fresh injection of hope for graingrowers contemplating their viability when similar tough conditions hit again in the years ahead.

Last Thursday, InterGrain chairman Dale Baker announced that his company had entered into a highly promising technology collaboration agreement with Monsanto.

Monsanto will share germplasm with InterGrain, one of Australia's leading wheat and barley breeding companies based at the Agriculture and Food Department in South Perth.

The collaboration is expected to lead to significant advances in wheat technology for Australian growers, improve productivity and slash the time taken to bring new varieties through the plant breeding system.

In the deal, Monsanto has acquired a 19.9 per cent

minority interest in InterGrain with the State Government remaining as InterGrain's majority shareholder (57pc) along with the Grains Research and Development Corporation (23pc).

Monsanto and InterGrain will exchange wheat germplasm for breeding, with InterGrain gaining access to breeding technology tools and services for genotyping and marker development.

Mr Baker said it was an exciting development for Australian wheat farmers for Australia's leading wheat breeder and germplasm developer to partner with the world's number one technology provider.

He said InterGrain had been actively seeking an international partner to grow its wheat breeding program for the past 12 months and was pleased to reach agreement with Monsanto, "the world's leader in this regard".

"It will open the doors to a vast new library of germplasm and powerful technology capacity which Australian wheat growers have not previously had access to which we expect will translate to more rapid improvements in wheat yields and performance," he said.

InterGrain was established in 2007 by the State Government and the GRDC setting up a commercial plant breeding platform.

GRDC chairman Keith Perrett said it was certainly groundbreaking to bring one of the world's major biotech companies into Australia and have them make a significant commitment to the Australian grains industry.

"It's welcome from a grower's perspective and what it means for GRDC is that we are going to see greater genetic gains and access to the best technologies," he said.

"That is certainly going to put pressure on the other companies to perform as well, which is good for me as a grower."

Mr Perrett said the partnership would deliver significant increases in wheat performance for Australian growers and would target improvements in areas such as yield performance, disease resistance, drought tolerance and improved end use qualities.

"It is a positive step forward for the Australian grains industry as it links Australian breeding with the global research and development effort," he said.

InterGrain CEO Bryan Whan said internationally, US wheat farmers had been pulling out of wheat production for some time, having seen the differences in productivity for GM corn and soybeans.

"To sum it up, we are trying to capture what is happening with corn and soybeans internationally and translate that into wheat," he said.

"We believe this deal is going to lead to significant increases in productivity.

"Our estimate of the current rate of genetic gain in wheat in Australia is 1pc or a little bit less.

"Our aim in the short term using the non-GM technology is that the rate of genetic gain could be 2pc per annum.

"In the longer term once we start using the biotech traits that rate of gain could be up to 3pc and that will have a significant impact on productivity for the Australian grains industry."

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No other country wants to grow GM wheat and nobody wants to eat it. The big problem this faces is labelling, and no amount of PR will make this any more appealing than GM canola, corn, cotton or soy.
Posted by hebe, 2/09/2010 5:53:23 PM, on Farm Weekly
Yield gain in GM corn and soy has been from conventional breeding techniques and improved agricultural practices and not GM. http://www.ucsusa.org/food_and_agriculture/science_and_impacts/science/failure-to-yield.html Yet it is still implied that GM will help increase yields. This is misinformation. It is what I have come to expect from these companies and their supporters.
Posted by Fran, 3/09/2010 4:18:05 PM, on Farm Weekly
Another Monsanto ad from Colin Bettles. Shame.
Posted by Merri Bee, 4/09/2010 9:22:24 AM, on Farm Weekly
I would hate to burst InterGrain’s bubble of optimism but GM wheat will require labelling and to date, there is no consumer group asking for GM bread or breakfast cereal. Unlike the opportunities for GM soy, corn, canola and cotton seed to be hidden unlabelled in processed foods there will be nowhere to hide for GM wheat. We are still awaiting independent science to show that these existing GM foods are safe, and as time passes and reveals the effects of GM crops on the environment (superweeds and superbugs, and contamination) surely the GM industry should get that right first before they launch into wheat?
Posted by Hebe, 5/09/2010 6:29:53 PM, on Farm Weekly
Punting with public money. Perhaps the pokies would deliver more certainty. I note the disclaimer on Monsanto's media release posted on InterGrain's website: "Cautionary Statements Regarding Forward-Looking Information: As it pertains to Monsanto, certain statements contained in this release are "forward-looking statements," such as statements concerning the company's anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company's actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company's exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and ..."
Posted by Alice, 5/09/2010 11:22:23 PM, on Farm Weekly
"... and public acceptance of biotechnology products; the success of the company's research and development activities; the outcomes of major lawsuits; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company's estimates related to distribution inventory levels; the company's ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company's facilities; and other risks and factors detailed in the company's most recent Form 10-K Report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results."
Posted by Alice, 5/09/2010 11:24:52 PM, on Farm Weekly
Monsanto’s man was with Ag Minister Terry Redman when he lifted the government's ban on commercial GM canola. Now Redman gives Monsanto 20% of WA’s public plant breeding program. The company uses patents to gain ownership of seed and food supplies and take monopoly profits. The US Department of Justice is investigating Monsanto for unfairly hiking seed and chemical prices, and limiting supplies of conventional seed to GM-free farmers. The US-imposed global patent system allows Monsanto to claim GM crops, animals and microbes as "inventions" by adding a gene to traditional plants and animals. They will own varieties bred at farmers' expense. That's not fair. Monsanto and its subsidiaries are the world's biggest seed company, with more than 90% of all GM crop varieties and 26% of commercial seeds globally. Monsanto contracts also bar farmers from their age-old right to save seed for replanting next year. Surveys find Monsanto has a poor ethical reputation and a former director of Monsanto India, Tiruvadi Jagadisan, says the company "used to fake scientific data" to gain approval. Monsanto cannot be trusted and Redman should restore public seed resources to public hands.
Posted by Bob Phelps, 6/09/2010 1:47:16 PM, on Farm Weekly

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 Agriculture and Food Department director general Rob Delane (left), Monsanto Australia Business Lead Peter O'Keefe, InterGrain CEO Bryan Whan, GRDC chairman Keith Perrett, InterGrain chairman Dale Baker and InterGrain director Peter Wells at the announcement in Perth last week of the exciting new technology collaboration agreement between InterGrain and Monsanto.
Agriculture and Food Department director general Rob Delane (left), Monsanto Australia Business Lead Peter O'Keefe, InterGrain CEO Bryan Whan, GRDC chairman Keith Perrett, InterGrain chairman Dale Baker and InterGrain director Peter Wells at the announcement in Perth last week of the exciting new technology collaboration agreement between InterGrain and Monsanto.
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