We have a robust business selling high-quality, conventional corn, oilseed rape and vegetable seeds to our farmer customers in Europe.
We’ve been telling people in Europe for several years now that we’ll only sell biotech seeds where they enjoy broad farmer support, broad political support and a functioning regulatory system. These conditions apply only to a few countries in Europe today, primarily Spain and Portugal.
As Hugh Grant, our CEO told the Financial Times in 2009, “Europe’s going to make up its own mind in its own time.”
The only GM trait grown in Europe today is a corn resistant to the European corn borer, an insect that can do considerable damage to crops. Its cultivation accounts for less than 1% of the all corn cultivated in Europe (by hectares).