Monsanto Statement on Senate Judiciary Hearing on “Consolidation and Competition in the U.S. Seed and Agrochemical Industry”

Publish Date:

Tuesday September 20, 2016

On September 20, 2016, Monsanto Company participated in a panel discussion as part of the Senate Committee on the Judiciary Hearing on “Consolidation and Competition in the U.S. Seed and Agrochemical Industry.” The hearing represented an opportunity for Monsanto to offer its perspective on the state of agriculture and the importance of innovation.

Robb Fraley, executive vice president and chief technology officer of Monsanto delivered remarks on behalf of the company. Fraley’s complete comments are available on Monsanto’s website. As part of his remarks, Fraley showcased the critical role of innovation in agriculture, addressed why continued investment in the sector matters now more than ever, and underscored the valuable role U.S. farmers play in supporting the needs of our planet.

Fraley shared the following remarks related to the Senate Committee’s session:

“Monsanto welcomed the opportunity to discuss this exciting new era in agriculture.  We appreciated the chance to participate in this important dialogue with Chairman Grassley and the Judiciary Committee.  We believe agriculture innovation is central to delivering tremendous benefits to farmers and society and look forward to engaging with all stakeholders.”

“We are committed to serving farmers and investing in a broad range of solutions that can help their farming operations. The role of innovation has never been more important to agriculture. The fields of biology and data science are opening up a range of new solutions for farmers.  And, farmers are faced with meeting the growing food, feed and fiber needs of an ever-increasing population in an increasingly sustainable way and helping agriculture keep up with global challenges such as climate change.”

“I understand that change can be unsettling to farmers – I saw that firsthand when I helped invent the first crops developed through genetic modification (e.g. GMO crops). Importantly, just like then, I’ve found that change enables more innovation and delivers better products to the farm even faster. We continue to believe that farmers are best served when companies invest more in new technologies and accelerate the pace of their research and development, which in turn spurs robust competition. Innovation drives competition.  Innovation strengthens the farming economy.  And innovation lifts our society.”   

 

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