This season’s lower crop prices aren’t driving seed companies to drop the cost of their products, according to The Wall Street Journal.
Like 2013, this year has experienced falling prices partly due to high bumper crop yields. Some seed companies, like Monsanto and DuPont, plan to increase prices for some of their seeds. While seed prices may rise, land prices continue to be steady and interest rates are still low.
From The Wall Street Journal:
“Monsanto, DuPont and rival seed makers each year invest in breeding heartier seeds that produce more corn and soybeans per plant, alongside genetic enhancements that help crops ward off pests and withstand herbicides.”
Via: The Wall Street Journal > Big seed makers unlikely to cut prices despite farm slump
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Maybe we need to explore other options. If we are going to be giving away our crops, I am looking into open pollinated corn again. Lower seed cost. Why plant 180 bushel corn and get $3.50 for it.