Monsanto & ADM Set Up New Front Group to Deflect Ethanol Criticism & to Promote GMOs

Doug Cameron reported in today's Wall Street Journal that, "A group of U.S. agribusiness companies including Archer Daniels Midland Co. are uniting in the intensifying food-versus-fuel debate, forming an alliance to promote the idea that technology can ease global supply shortages.

"The Alliance for Abundant Food and Energy - which includes seed makers Monsanto Co. and DuPont Co., as well as farm-gear maker Deere & Co. - wants to spread its belief that renewable fuels won't cut into food supplies if new technologies, such as genetically modified crops, are used to their fullest. The group is also working hard to protect government subsidies for ethanol production.

"ADM, Monsanto and others have seen their own profits soar in recent years, as booming demand for agricultural products in emerging markets has pushed up commodity prices and spurred additional production."

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