business news in context, analysis with attitude

It hardly is the worst consequence of the serious storms that have hit the US this year, but the Des Moines Register reports that Monsanto Co. has been dealing with one unexpected consequence.

The biotechnology company has developed a new breed of corn seeds that it believes is resistant to drought ... but there’s been so much rain, the company has had problems doing its field trials, which are necessary to get farmers to invest in the product.

"We have a joke around here that if you want it to rain, plant a drought trial," says Bill Reeves, regulatory affairs manager for Monsanto.
KC's View: