Lower insurance fees indicate biotech seeds lower risks.

Farmers using biotech seed may pay less insurance
Tue Aug 19, 2008 8:30pm BST


Reuters are reporting that the U.S. Agriculture Department has approved the expansion of a risk management program that effectively lowers crop insurance costs for producers planting certain biotech corn seeds.

The item claims farmers who plant certain corn hybrids will qualify for crop insurance premium reductions in some states. Monsanto estimated premiums for certain policies were reduced on average by more than $3 per acre during the 2008 pilot program. Similar savings are expected in 2009....more at link