Printer Friendly
The Free Library
4,547,656 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Farm journal forum tackles success vs. survival.


Anyone can read the daily headlines and see that agriculture producers in the United States face many challenges and often struggle for survival. Farm Journal Corp., Philadelphia, held its eighth Farm Journal Forum late in 2003 to discuss these challenges. Themed "Agriculture's Challenge: Success or Survival?", the meeting brought together company executives, legislators, ag organizations and concerned producers.

During the two-day forum, many options for survival were discussed. Hugh Grant, president and CEO for Monsanto Company, offered his thoughts on success versus survival, saying the way to do both in agriculture today is to "feed more people healthier food with less impact on the environment."

Although this may be a lofty aspiration, many companies and organizations presented plans of cooperation and innovation to help make Grant's words of advice a reality.

Erik Fyrwald, group vice president of DuPont Agriculture and Nutrition, offered several examples of new innovations that could bring more profitability to producers. One example is a joint venture with General Mills formed with the purpose of creating a better-tasting soybean for the growing soy foods market.

Charlie Fischer, former president and CEO of Dow AgroSciences, also spoke of several innovations from his company such as healthier sunflower and canola oils, food safety products and Cargill-Dow's NatureWorks[TM] PLA, a commercially viable plastic made from renewable resources.

But despite these opportunities, Fischer pointed out that one of the challenges in innovation is the high cost of development. He explained that regulation's cost a manufacturer who is registering a crop protection molecule about $84 million and approximately nine years to bring the product to market. This cost is surely felt down the chain.

As an example of the role biotechnology can play in the future, Grant noted that Monsanto has inserted a gene from algae into canola. Scientists have found that this type of algae is the source of Omega-3 fatty acids found in some fish. In Monsanto's field trials, the canola plants have expressed 30 percent Omega-3 fatty acids, which are believed to have numerous health benefits. Despite these breakthroughs in biotechnology, Grant stressed to the audience that biotech is not the panacea for feeding future populations, but just one part of the solution.

Consumer health is a high priority for many companies and government agencies, including the USDA. Ann M. Veneman, Agriculture Secretary, spoke at the Forum about many agriculture issues, including the obesity crisis. She said that two-thirds of U.S. adults are overweight and 15 percent of children are obese, with 300,000 deaths per year being

caused by obesity. By 2010, it is expected that 40 percent of the U.S. population will be obese, Veneman said.

With this kind of problem looming, innovators in agriculture are challenged to develop food solutions and opportunities that can lead to survival for farmers as well as the American population.

COPYRIGHT 2004 Doane Information Service
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Agri Marketing
Geographic Code:1USA
Date:Jan 1, 2004
Words:472
Previous Article:Stock price at close of market.(AG Stock Index)(Illustration)
Next Article:What's there to do at a NAMA meeting?(National Agri-Marketing Association)
Topics:



Related Articles
CELEBRATING 125 YEARS.(Farm Journal)
Tricks of the trade: Ag media companies draw crowds at 2002 NAMA Trade Show. (Farm Show Guide).(Brief Article)
Fate of farm magazines: service, new tools rank as keys to success in print media. (Agricultural Publications Summit, LLC).(Brief Article)
Managing hyper change.(Agribusiness Forum)(Calendar)
Digital delivery of Top Producer: Farm Journal Media is first in agriculture to embrace new technology.(NEW MEDIA MARKETING)
Passing the gavel: "positioned for the future".

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles