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Growers Consider Technology, Risk Management at Commodity Classic

Growers Consider Technology, Risk Management at Commodity Classic

02 March 2012

ANALYSIS - Growers packed the Commodity Classic tradeshow floor in Nashville, Tennessee, USA, on Thursday to see the latest technology as they look to the 2012 growing season, reports Sarah Mikesell, senior editor, live from the show.

Monsanto unveiled its new Roundup Ready® Xtend Crop System, which is designed to provide farmers with more consistent, flexible control of weeds, including tough-to-manage and glyphosate-resistant weeds to maximize crop yield potential.

Pending regulatory approvals, the new system is expected to be available to US farmers for the 2014 growing season, consisting of an innovative new soybean trait solution and a next-generation herbicide formulation.

Roundup Ready 2 Xtend is Monsanto's newest Genuity® soybean trait that includes tolerance to dicamba. The trait will be stacked with the current Genuity Roundup Ready 2 Yield soybean trait technology, which offers farmers the highest yield opportunity with more beans per pod and more bushels per acre. Roundup Ready 2 Xtend will be the industry's first biotech-stacked traits in soybeans, offering tolerance to both glyphosate and dicamba herbicides, once approved.

Beyond the innovation showcased at Commodity Classic, Shawn Smeins, Rabo AgriFinance Senior VP and Managing Director of North Central Region, said growers are optimistic about agriculture, but now are more cautiously optimistic.

"Risk management is one of the top topics that growers want to talk about," Mr. Smeins said. "Growers know that they are gaining on the grain stocks side, but crop input costs are starting to creep up and they know that things are going to be tighter."

Coming up on Friday, US Secretary of Agriculture Tom Vilsack will deliver the keynote address to an expected crowd of about 6,000 farmers during the General Session at 10 am Central Time.

Commodity Classic is the convention and trade show of the US corn, soybean, wheat and sorghum industries. This year's trade show hosts agribusiness booths showcasing the latest agricultural equipment, technology, products and services. In addition to the trade show, participants can also take part in policy discussions, view demonstrations and attend learning sessions.

Sarah Mikesell, Senior Editor

Sarah Mikesell, Senior Editor

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