Lincoln, Nebraska
April 12, 2006
IPSA statement regarding GreenLeaf Genetics LLC
According
to Tom Burrus (photo), president of
The Independent Professional
Seedsmen Association (IPSA): “IPSA is very pleased with
this week’s announcement of a joint
venture between Syngenta and DuPont, through its subsidiary
Pioneer Hi-Bred International. The agreement establishes
GreenLeaf Genetics LLC as a 50/50 joint venture to out-license
genetics and biotechnology traits to U.S. and Canadian seed
companies.
“This announcement is great news for American
farmers and for independent seed companies. As everyone is
aware, the seed business is extremely competitive. This
announcement of another world-class pool of genetics and traits
available to independent seed companies is terrific.
Competition has made America great and will continue to in the
future. The addition of another high quality source to the
portfolio of genetic suppliers and biotechnology traits enhances
our ability to distribute products that bring the ultimate in
performance and profitability to growers in our market area.
Typically, independent seed companies look at
many sources for genetics and traits. Most have sophisticated
testing programs to sort choices from their own breeding
programs along with other licensed products that fit their
market area and growers’ needs. This announcement encourages
more seed companies to remain independent in the future.
“On
behalf of IPSA, our congratulations to all involved for putting
Greenleaf Genetics L.L.C. together. The potential synergy from
this powerful joint venture is very likely to produce another
strong camp of quality products from which independent companies
can select.
“This
is a breakthrough event that means GreenLeaf Genetics will now
have available a new and unique pool of corn and soybean
genetics from both companies’ research efforts and will be able
to assist customers in obtaining licenses for traits from either
company. It will greatly enhance the depth and quality of
genetics we license to customers.“
Syngenta established GreenLeaf Genetics in 2004
to license elite genetics to the seed industry. Now, through
this collaboration, customers of GreenLeaf Genetics will also
have targeted access to Pioneer’s world-leading genetics
library. In addition, GreenLeaf Genetics will coordinate for
Syngenta and Pioneer their licensing of insect-resistant and
herbicide tolerant traits, including the Optimum “GAT” trait,
Pioneer’s new proprietary glyphosate and ALS chemistry-tolerant
trait for corn and soybeans.
The Independent Professional Seedsmen Association
(IPSA) was formed in 1989 by a group of independent seed
producers who recognized the need for an organization to
represent independent seed companies world-wide. The
Association addresses research and biotechnology issues and
increases the media presence of the industry in an increasingly
competitive and dynamic business climate. IPSA represents
approximately 150 seed companies from more than 25 states and
Canada, who produce approximately 30 percent of the corn,
soybeans, small grain and forage seeds marketed annually. |