WOODLAND, Calif. — The worst U.S. drought in half a century is withering the nation's corn crop, but it's a fertile opportunity for makers of genetically modified crops.
Agricultural biotechnology companies have been pouring hundreds of millions of dollars into developing plants that can withstand the effects of a prolonged dry spell. Monsanto Co., based in St. Louis, has received regulatory approval for DroughtGard, a corn variety that contains the first genetically modified trait for drought resistance.
Seed makers, such as Pioneer Hi-Bred International Inc. of Johnston, Iowa, and Swiss company Syngenta, are already selling drought-tolerant corn varieties, conceived through conventional breeding....
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