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In 2012, biotech crops represented 35% of the global commercial seed market.
After all, just three firms now control more than 50% of the global seed market.
Even so, with the seed market being so friendly, many young entrepreneurs can just start again.
Channel Bio, based in Kentland, Ind., has 2percentt of the United States corn seed market, Monsanto said.
It found that 53% of the world's commercial seed market is controlled by just three firms – Monsanto, DuPont and Syngenta.
It is estimated DowDuPont could account for around 40% of the corn and soybean seed market in the US.
In 2013, the top six firms controlled 75% of the agrochemical market and 63% of the commercial seed market.
The widespread use of these turfgrasses in such environments has been ascribed to their availability on the seed market.
Yet in a seed market that Monsanto dominates, the jump in prices has been nothing short of stunning.
The report noted that three big companies now control more than half of the global seed market – a position that has sent prices soaring.
A decade ago, DuPont's Pioneer Hi-Bred seed unit, based in Johnston, Iowa, controlled more than 40percentt of the lucrative U.S. corn seed market.
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