USDA to lower insurance costs for farmers who use biotech corn seeds

08/20/2008 | Reuters

The USDA has cleared the expansion of a risk-management program designed to benefit farmers who plant biotech corn seeds by reducing crop insurance premiums. The program will require producers to cultivate at least 75% of their corn using certain bioengineered seeds from Syngenta, Monsanto Co., Dow AgroSciences and DuPont Co.'s Pioneer Hi-Bred unit.

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