Farmers finding hope in 'super seeds'

By NBC News staff

The severe drought in Midwest, one of the worst in U.S. history, is devastating farmers? crops, but a new type of seed is providing some hope.

See our full drought coverage here. And on Wednesday, Aug. 15, watch NBC News, CNBC, MSNBC, The Weather Channel and Telemundo for daylong, network-wide coverage of the drought.

These ?super seeds? have drought-resistant traits -- they can hang on longer without water -- and they can fight pests without pesticides, according to CNBC?s Jane Wells.

Monsanto, an agricultural biotechnology company, says the new seeds have added $20 billion to farm incomes over the past decade.

But not every farmer is convinced that the new seeds are the solution to their problems. The next-generation seeds cost twice as much as conventional seeds, and not every farmer is a fan Wells reports. Many are going back to using conventional seeds.

Click here to check Monsanto?s share price.

Source: http://marketday.nbcnews.com/_news/2012/08/15/13296636-farmers-find-hope-in-super-seeds?lite

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