Seed Prices A Major Concern

Plenty of hallway concerns were voiced about skyrocketing seed prices by attendees at the recent National No-Tillage Conference in Indianapolis, Ind. With many new high-tech developments and traits creeping into corn genetics, seed corn costs have already reached $200 to $250 a bag and some no-tillers are scared that prices may move quickly toward $500 a bag. They say higher seed prices may have a serious impact on plant populations, especially with no-tilled soybeans.

Steep Seed Increases

Taking advantage of soaring grain prices last spring and summer, Monsanto increased the price of its high-valued seed corn by an average of 15% to 20%. In addition, company officials expect to boost seed prices by as much as another 25% this year. Many other seed companies quickly followed suit.

But now that grain prices have come down, Wall Street investment analysts say the company’s aggressive pricing strategy could backfire. They believe growers may be tempted to switch to brands with lower prices or to companies offering market-building promotions.

At the conference, several speakers talked about reducing no-till soybean rates from as much as 225,000 to only 100,000 seeds per acre without any loss in yield. But they made it clear that attendees need to evaluate different seeding rates under their own cropping conditions.

Non-GMO Benefits?

There was also talk among attendees of taking a closer look at raising non-GMO crops due to increasing high-tech seed prices.

A good example is the on-farm research done this past year by Worth & Dee Ellis…

To view the content, please subscribe or login.
 Premium content is for our Digital-only and Premium subscribers. A Print-only subscription doesn't qualify. Please purchase/upgrade a subscription with the Digital product to get access to all No-Till Farmer content and archives online. Learn more about the different versions and what is included.

Lessiter frank

Frank Lessiter

Frank Lessiter has served as editor of No-Till Farmer since the publication was launched in November of 1972. Raised on a six-generation Michigan Centennial Farm, he has spent his entire career in agricultural journalism. Lessiter is a dairy science graduate from Michigan State University.

Top Articles

Current Issue


No-Till Farmer

Get full access NOW to the most comprehensive, powerful and easy-to-use online resource for no-tillage practices. Just one good idea will pay for your subscription hundreds of times over.

Subscribe Now

View More

Must Read Free Eguides

Download these helpful knowledge building tools

View More
Top Directory Listings