While the attention of the world’s food crisis critics was focused on the UN’s summit in Rome, Monsanto, the agro-biotech behemoth, publicized its plans to double corn, cotton and soy bean crop yields by 2030 while cutting water, land and energy needs 30 percent. The St. Louis, Mo.-based company’s three-point plan also stipulates it will work to help farmers, including an ill-defined “5 million people in resource-poor farm families.”
Conspicuously absent from the announcement was any mention of biofuels and how doubling the yields of corn and soy, the two largest biofuels feedstock in the U.S., might change the market economics of grain-based ethanol. All of these efficiency and yield boosts could greatly help corn and soy ethanol makers, who are getting slammed by slimming margins, and slow the switch to non-food biofuel feedstocks.
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