By Brian Orelli
Sometimes you need a little help from a friend — even if that friend is also a competitor.
Monsanto (NYSE: MON) and Dow Chemical (NYSE: DOW) certainly couldn’t have developed a seed with such blockbuster potential so quickly without each others’ help. The two announced yesterday that the Environmental Protection Agency (EPA) and Canadian Food Inspection Agency (CFIA) had completed the authorization process for their SmartStax seed, which combines eight different traits into one corn seed.
The eight combined traits will increase yields by 2% to 4% compared to the triple-stacked standard, but the biggest advantage to farmers will come from changes by the government.
Farmers are required to plant a certain percent of their acreage with seeds that don’t have insect resistance — it’s called a refuge, but "sacrificial lamb" might be more appropriate. The point of the refuge is to avoid selecting for insects that are resistant to the trait. Since SmartStax contains multiple disease-resistant traits, it’s less likely that insects will become resistant, so farmers will be able to decrease the required refuge from 20% to 5% in the corn belt and from 50% to 20% in the cotton belt. Increasing the acreage planted with higher-yielding disease-resistant corn should boost the farm’s yield by an additional 3% to 6%, for a total potential increase of 5% to 10%.
Monsanto and Dow will market the seed under their own brand names and pay royalties to each other for the shared traits. The friendly competition should make for an interesting rivalry, but in any case the new seed, which should launch next year, should compete well against rivals Syngenta (NYSE: SYT) and DuPont (NYSE: DD). In fact, the companies are planning to make it the largest biotech corn seed launch ever.
Who knows — maybe they’ll send the first ears to Joe Cocker.
James Dole, Pineapple King
By SCOTT STODDARD,
INVESTOR’S BUSINESS DAILY
James Dole was 22 when he set out for Hawaii in 1899.
He had little experience in business or farming.
In his arsenal were an agriculture degree from Harvard, a modest sum of cash and hopes of prospering from the territory’s efforts to diversify its sugar-dependent economy.
But his arrival at Honolulu in November that year wasn’t auspicious.
Attempts by farmers to grow coffee beans, rubber, vegetables and fruit had failed, and the town was placed in quarantine for six months due to bubonic plague. Dole waited out the plague at the home of his cousin Sanford Dole, who was soon to become Hawaii’s first governor.
By August 1900, James was ready to act. He bought a 64-acre farm in Wahiawa, near Honolulu.
And he tried growing crops before settling on the fruit that would make him famous: pineapple.
“After some experimentation, I concluded that the land was better adapted to pineapples than to peas, pigs or potatoes,” he said in the Harvard class of 1899’s 25th reunion report in 1924.
His Hawaiian Pineapple Co. was incorporated in December 1901.
Dole’s bold aim: Sell pineapples to every store in America.
At the time, few Americans were familiar with pineapples. The fruit was delicate and difficult to ship from the tropical areas where they grew. Efforts to distribute pineapples in cans had also failed.
“Back at the turn of the century it wasn’t a product that many people had tasted,” Dole spokesman Marty Ordman told IBD. “Jim Dole was really the one that brought it to the masses.”
But success didn’t come easy.
Weekly Hawaii and Related Agriculture Daily Charts for the week ending 07-17-09
Hana Highway Fruit Market
Creative entrepreneurial efforts deliver Maui Agricultural products directly into the hands of the neighborhood community and also tourists traveling to Hana. In addition to traditional items such as Maui Gold Pineapple, banana, and avocado the Hana Highway Fruit Market provides exotic fare such as loquat and lychee.
Invitation to the Hawaii Conservation Conference
Hawaii State-wide Assessment of Forest Conditions Trends
The Hawaii SWARS team will be hosting a session at the Hawaii Conservation Conference 
July 28-30, 2009
Hawai‘i Convention Center
Honolulu, HI
More info . . .
Hawaii’s Seed Crop Industry: Current and Potential Economic and Fiscal Contributions
Here is the PDF file for the Hawaii’s Seed Crop Industry: Current and Potential Economic and Fiscal Contributions report.
Please visit the website for more information: http://www.nass.usda.gov/hi/
Hawaii’s Seed Crop Industry
————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512
Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
The research objective of this study is to update our 2006 study of the Hawaii seed crop industry’s economic and fiscal contributions to the State of Hawaii. To this end we have provided:
• Background information about the technology used by the industry locally and internationally,
• Details of Hawaii’s seed crop industry with comparisons to other Hawaii sectors and subsectors,
• The economic contributions of the seed crop industry.
Our primary research conclusion is that Hawaii’s seed crop industry makes significant ever increasing economic and fiscal contributions to the state’s economy generally, and most particularly simultaneous contributions to the agriculture, life sciences and high technology subsectors. In so doing, the Hawaii seed crop industry generates various positive externalities to the state, the value of which has not been assessed in this study. Seed crop industry economic contributions to the state should continue to increase given anticipated industry investments in Hawaii, which will assist achievement not only of economic policy objectives but other objectives as well, the various positive side effects of this industry operating in Hawaii.
Hawaii Macadamia Nuts
Here is the PDF file for the Hawaii Macadamia Nuts (Final Season Estimates) Report.
Please visit the website for more information: http://www.nass.usda.gov/hi/
————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512
Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-
“HAWAII MACADAMIA NUTS” reports are available on our website and also PRINTED twice a year. Subscriptions for PRINTED copies are free to those persons who report agricultural data to NASS (upon request) and available for $2 per year to all others.
Utilized production from Hawaii’s 2008-09 macadamia nut harvest is estimated at 50.0 million pounds (net, wet-in-shell basis) according to the USDA National Agricultural Statistics Service, Hawaii Field Office. The estimate for 2008-09 represents a 9.0 million pound or 22 percent increase from last season.
Season Overview
Timely showers and an increased demand for inshell nuts contributed to this season’s higher output. Processors noted some improvement in the quality of nuts delivered this season. On the other hand, growers did report the prolonged dry conditions, pests, pigs, and volcanic haze adversely affected orchards and harvesting. Others mentioned it was economically unfeasible to pick their crop and may switch to other commodities or temporarily stop farming.
Harvested Acreage Unchanged, Yields Up
For the 2008-09 season, growers harvested an estimated 15,000 acres and remained unchanged for the past three seasons. Statewide, there were 17,000 acres in crop and an estimated 1.2 million macadamia nut trees.
Yields averaged 3,330 pounds per acre (net, wet-inshell basis) for the 2008-09 season, or 600 pounds more per acre than the previous season. Average moisture content for this season’s entire crop was 20.5 percent compared with 21.3 percent for the 2007-08 crop.
Farm Value Increases
The farm price for macadamia nuts averaged 67.0 cents per pound (net, wet-in-shell basis) for 2008-09 season, up 7.0 cents from the 2007-08 average. Farm value is estimated at $33.5 million (net, wet-in-shell basis) for this crop season, a 36 percent increase from last season due to a larger harvest and higher farm price.
Isle seed industry flourishing
Posted on: Saturday, July 11, 2009
Value of state’s biggest farming sector hits record $146 million, study finds
By Andrew Gomes
Advertiser Staff Writer
The forecast for capital expenditures was included in a new study commissioned by the Hawai’i Farm Bureau Federation and paid for by the Hawaii Crop Improvement Association, a trade group representing seed companies.
©COPYRIGHT 2009 The Honolulu Advertiser. All rights reserved.
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