This report, by Stephanie Dearing, discusses Monsanto’s intent to re-engage in the research and production of GMO wheat:
After Monsanto announced its plan to revisit gm wheat last year, having received the support of an international farmer’s coalition, a worldwide movement opposing the yet-to-be developed grain product is growing…
Monsanto spent under $5 million developing its gm round-up ready wheat, but scrapped the product in 2004 after consumers around the world voiced their opposition to the product…
But last year… Monsanto purchased a biotech facility in Montana specifically for the purpose of developing gm wheat. The company spent $45 million purchasing WestBred.
…Seed companies would obviously benefit from the development of a new commercial product that is accepted by consumers. However, farmers are predicted to be benefactors of a gm wheat that is drought tolerant, because they will not experience the same level of crop losses as they would otherwise. The key is consumer acceptance of gm grains.