Source: American Soybean Association and American Farm Bureau Federation

Last week, Monsanto announced in a letter to the American Soybean Association that it will maintain export market approvals for the first biotech soybean trait "Roundup Ready" or "RR1" through 2021. The patent on 2014 is due to expire in 2014 with patents on other traits expiring in future years.

Both ASA and the American Farm Bureau were pleased by the announcement and issued statements of their own praising the decision.

Statement from ASA

Statement from AFBF