The price of licences for Monsanto’s genetics technology used by seed companies to produce Roundup Ready soybeans is increasing in 2005.
Trish Jordan of Monsanto said the company does not know whether the seed companies will pass the increase on to farmers. She did not disclose the amount of the increase.
She said for many producers buying a package that includes seed and pesticides, the overall price “might not change that much, if at all. That is up to the licensee.” Canola royalty fees for Monsanto products, paid directly by producers, will not rise in 2005 from the current $15 per acre level, said Jordan.
