date:Nov 02, 2012
, many of the seed increases were likely already in the cards. We would have expected prices to go up even if we hadn't had a drought, Miller says. We've seen seed prices go up year after year for many years.
Blame advances in genetic technology and rising corn and soybean prices -- not the drought -- for the bulk of the increase. There was a period of time in the early 2000s when producers were transitioning from non-genetically modified-type seed products to GMO types of seed products, which