As you all know china is the biggest corn importer. They have purchased farmland in Australia, bought leading foreign seed companies like PGW and developed a lot of know. When you look into the one of Monsantos presentations you can see the difference between US yield rates and china, but what you not see is the revenue what Monsanto, or its minority stake in it's chinese joint venture is doing.
Here you can the the progress of Chinese scientist, google:
Yield of Zhongdan 909 reached 19.5
Complete uninformed drivel on your part. Australia also produces corn and soybeans. Just google search it like I just did. By the way, we grow wheat, corn, and soybeans in the Midwest of the USA. Why would Australia not be able to produce corn and soybeans and still grow wheat on the same soil types? Do you have any idea how many climate types are in Australia that support the growth of many, many crop species? Got news for you, it is a big country from north to south, and east to west..........
where is the problem? Let me help you communicate - China could be a competitor to Monsanto - guess what it already is in the RoundUp but they still don't make a better product and even when they undercut on price they don't really win. Since Monsanto's production technology beats them in costs. Also they are investing in GM crops but have yet to launch their own Bt corn or cotton after many attempts so they are still way behind. So there is actually an opportunity for Monsanto to team up with them to gain more sales and feed the world. A massive opportunity if China took it. It woudl benefit them and Monsanto and yes eventually they can become self-sufficient but that's only a question of time and Monsanto might as well benefit on the way. So the message really is - watch out explosive growth and profits at hand ! Think about it with only about 15% of land under GM crops we have another ~6x increase in profit to go at least ! so MOn goes to a $50b x 6 = $300b company and equivalent stock proce of about $600