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(MoneyNewsWire.Net, December 24, 2015 ) Foley, Alabama -- On the 6th of December 2015, a press was released by Dominique Patton on Reuters about a Chinese biotech seed firm aiming to launch the country's first genetically modified corn crops in the United States.
According to the article, the main objective of Beijing-based Origin Agritech's is to test its technology in the United States, which has said to dominate the sector with GMO giants such as Monsanto. On the other hand, there is another group in the U.S. such as Victory Gardens that continuously promotes Victory Gardens.
The same news also reported that earlier this year, China National Chemical Corp acquired GMO pipeline by bidding for the agrichemicals firm Swiss-based Syngenta.
"Consumer attitude is one thing, but the government attitude is even more important," said Huang Dafang, professor at the Biotechnology Research Institute under the Chinese Academy of Agricultural Sciences.
In addition, U.S.-listed Origin has invested 300 million yuan or $46.90 million in the biotech field since 2005, and in 2016 it plans to market its products in the United States, based to a presentation on the Securities and Exchange Commission's official page.
"The only way they might be able to break into the market is if their technology fees are going to be cheaper than Monsanto," said Carl Pray, professor at Rutgers University's agricultural, food and resource economics department.
It was also reported on the same press that Origin's James Chen believes GMO products can be marketed in the US.
"We think the technology has a fundamental value. Farmers are looking for alternatives to current products on offer," says James Chen
The press also mentioned that a successful U.S. test could promote the Chinese technology and pave the way for Beijing to distribute its products.
"Our valuation on Nasdaq is much lower than the valuation of seed production companies in China. If we attract investment, our valuation will shoot up," said CFO Chen.
About Victory Garden Shop
Victory Gardens Shop came from a long line of Gardeners and Farmers. The group has some of the best emergency food banks. They provide 100% non-GMO and non-hybrid heirloom gardening seeds suitable for prepping and off-grid living.
The family inherited the trait of gardening and promotes 100% Non-GMO heirloom Seeds.
Victory Garden Shop
Bonnie Cotten
251-978-8670
mail@victorygardensshop.com
Source: EmailWire.Com 
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