Across Minnesota, grain buyers and sellers have been warning farmers this spring to be wary about planting Monsanto’s latest biotech soybean.
The product was launched in U.S. and Canadian markets for the first time this year, but it has not been approved yet for sale in the European Union. Traders and others say that uncertainty, if not resolved, will cause price declines, confusion and disruption in international trade.
“We’re making our farmers aware of the situation,” said David Kee, research director of the Minnesota Soybean Growers Association. “We do not encourage the planting of this because of the risk involved.”
The product in question is Roundup Ready 2 Xtend, a genetically modified soybean seed that is resisistant to a pair of herbicides called glyphosate and dicamba.