Seed royalties

[Hamloc]

According to yesterday's Wasde report from the USDA the world is awash in wheat. In this scenario how is increasing our yields a benefit? I generally find lack of rain determines my yield more than genetics. So this year as I have said before I could make more money selling my number 1 and 2 11 protein Brandon wheat into the feed market(all sold for feed) than I could selling it to an elevator for export. Why do I need to pay more for genetics to supply chicken and hog feed? One other thought the watermelons of the world keep predicting less food production due to climate change, certainly not happening in the grain complex!