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Del.icio.us  Digg  facebook  MySpace  Twitter  Google  Bookmark Me  LinkedIn  StumbleUpon  Permalink   2010 seed prices expected to increase Brett Begemann, executive vice president/global commercial for Monsanto, met this week with the Illinois Farm Bureau board at IFB headquarters in Bloomington and told the farmer-leaders to expect steady to slightly-higher seed prices for 2010. Dan Grant  Published: Aug 21, 2009 Farmers likely will pay a little more for seed in 2010 as technological improvements are expected to produce higher yields. Brett Begemann, excecutive vice president/global commercial for Monsanto, this week discussed the outlook for seed prices with the Illinois Farm Bureau board of directors. "I think we'll see a low, single-digit price increase (for Roundup Ready beans)," Begemann told FarmWeekNow.com. "For triple stack corn, I think we'll see everything from flat prices to a single-digit increase." Begemann refuted a news story that reported seed prices for 2010 could increase by as much as 42 percent. He said that report compared new varieties to old ones. Monsanto reported the weighted average of prices for Roundup Ready 2 Yield beans is expected to increase from $69-$72 per acre in 2009 to $74 per acre in 2010. Meanwhile, the weighted average price of Roundup Ready beans was projected to average $52 per acre this year, which would be flat to a slight increase after prices in 2009 averaged $49-$52 per acre. SmartStax, which is an eight-gene corn product, is expected to cost about $19 more per acre compared to triple stack. The price difference is based on the expectation of 10 percent higher yield with the SmartStax, according to Begemann. The new SmartStax variety allows farmers to reduce their refuge area from 20 percent to 5 percent. Permalink: Click here Comments Read comments from others and share your own thoughts. Please provide the answer to the following question:  =  why raise prices now Posted by Anonymous on August 25 at 8:24 AM

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