To: Anthony Wong who wrote (2116 ) 6/3/1999 12:31:00 PM From: Anthony Wong Respond to of 2539
ConAgra to Accept Biotech Corn PR Wire June 3, 1999, 11:03 a.m. ET OMAHA, Neb., June 3 /PRNewswire/ -- ConAgra Grain Companies today announced a joint marketing agreement with Monsanto Company for ConAgra to accept from U.S. producers, until further notice, corn that has been developed using biotechnology. For no additional handling fee, ConAgra Grain will separate, or "identity preserve," this corn for sale in markets that have approved the use or import of corn with traits developed through biotechnology. ConAgra will provide identity preservation for unapproved export corn with the understanding that the producer will identify the delivered corn as genetically enhanced. "ConAgra Grain Companies wants all producers to have a choice in the kinds of crops they grow," said Jim Anderson, president, ConAgra Grain Companies. "Growers should have the freedom to plant hybrids which give them the highest quality and maximum yields for the lowest costs. Further, this will help growers have the widest range of options for effectively controlling weeds and pests." U.S. growers will now have the potential of gaining a competitive edge by using products like Roundup Ready Corn and other genetically enhanced corn, knowing ConAgra Grain will work to effectively market this corn at the best available market price. "Since nearly 80 percent of the corn grown in the U.S. is used in the U.S., we want to work closely with the American producers who are helping increase the efficiency and effectiveness of agriculture with new products like Roundup Ready Corn," said Anderson. ConAgra Grain Companies, part of ConAgra Trade Group, is a global grain merchandiser with more than 100 U.S. elevators located in major grain production states. ConAgra Trade Group and ConAgra Grain are part of ConAgra, Inc., a diversified international food company headquartered in Omaha. ConAgra Trade Group and ConAgra Grain Companies also are headquartered in Omaha. SOURCE ConAgra -0- 06/03/99 /CONTACT: Lynn Phares, Vice President, Corporate Relations of ConAgra, Inc., 402-595-4153/ /Web site: conagra.com (CAG) CO: ConAgra; Monsanto Company ST: Nebraska IN: FOD SU: JVN -0- Jun/03/1999 10:48 EOS (PRN) Jun/03/99 10:48 86 -0- (PRN) Jun/03/1999 11:03