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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: jopawa who wrote (1013)	1/28/1999 8:21:00 AM
From: Anthony Wong	Respond to of 2539

Costcutting in Iceland: Monsanto <MTC.N> plans to sell its 67 percent share in a plant in Iceland's West Fjords which processes alginate using geothermal steam, as part of cost-cutting measures. moneynet.com@NEWS-P2&Index=2&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=&NAVSVC=News\Company

To: jopawa who wrote (1013)	1/29/1999 6:54:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 2539

01/28 19:29 U.S. corn growers, seed firms agree BT corn rules ST LOUIS, Mo., Jan 28 (Reuters) - The National Corn Growers Association said it reached an agreement with seed companies making genetically modified "BT" corn to back rules requiring BT-corn growers to also plant 20 percent "traditional" corn. The rules, which will be voluntary but part of an "insect resistance management" strategy starting in the year 2000, respond to criticism by environmentalists who warn that the growing use of BT-corn could spawn resistant "super bugs." "Bt" corn is a traditional corn hybrid with the gene from a soil-based organism, bacillus thuringiensis, added in. The BT organism is deadly to one of the biggest crop pests in the U.S. Corn Belt, the European Corn Borer. The new corn strain has been effective and was planted on about 15 percent of U.S. corn acreage last year. Industry estimates say that figure could rise to 25 percent in 1999. The U.S. plants about 80 million acres to corn each year. Environmental groups and growers have cautioned that the explosive growth presents a threat if bugs that survive the effects then produce resistant offspring. Under the guidelines agreed on Thursday, biotechnology developer Monsanto Co <MTC.N> and its seed maker DEKALB Genetics Corp <DKB.N>, Dow Chemical <DOW.N> units Mycogen Seeds <MYCO.O> and Dow AgroSciences, Novartis <NOVZn.S> unit Novartis Seeds, and industry leader Pioneer Hi-Bred International Inc <<PHYB.O>agreed> to a single sales policy on "refuge" acreage. Growers buying BT-corn from the companies will be required to agree to plant a minimum of 20 percent non-BT corn acreage on their farm. In addition, in some cotton growing areas, a 50 percent refuge will be required. That reflects the already popular use of another insect resistant "BT cotton" seed now in the United States. "These actions will ensure environmental stewardship and product integrity for years to come," said NCGA Board member Tim Hume. The agreement follows a September meeting in Omaha, Nebraska, where the NCGA presented its plans to the U.S. Environmental Protection Agency. NCGA said on Thursday that details of the plan have yet to be finalized with EPA.