2019 U.S. Seed Relabeling Report: What’s Inside Your Bag of Seed?
Choosing the right seeds for your fields can make or break your next growing season—and your bottom line. So it makes sense that you’d want to know as much about your seed as possible.
But seed selection isn’t easy or straightforward.
You need to know more about the seeds you’re buying
For one, a lack of transparency on seed price and performance can keep you from making informed, cost-effective choices for your operation.
Another industry-wide trend—a practice we call Seed Relabeling—also undermines your seed selection strategy. When seed companies sell the same variety with identical genetics under multiple brand names, it can pose two significant threats to your operation:
1. You might end up overpaying for seed.
Since two brands often sell an identical variety for different prices, you might unknowingly buy the more expensive product without realizing you could have purchased the same exact genetics at a lower price.
2. You may not achieve genetic diversity in your fields.
When the same variety is sold under multiple brand names, it’s all too easy to unknowingly plant the same variety from two or three different brands, creating an unexpected lack of genetic diversity.
At Farmers Business Network℠, we believe you deserve a clear picture of the genetics you’re buying for your operation. That’s why we’ve released our updated Seed Relabeling Report—with new data from the 2019 growing season—to provide even more transparency on seed and to help farmers get the best prices on the genetics they need for their farm.
For this latest edition of our report, we cross-matched 24,000 tags from 5,800 seed varieties sold by 180 companies to help you better understand the impact relabeling makes on your operation.
Here are a few things we learned in our analysis
The practice of seed relabeling continues to be prevalent across the industry. When we analyzed the seed tags FBN members contributed, we observed that approximately three-fourths of companies selling corn and soybean seed products participate in relabeling.
We were also able to estimate that U.S. farmers spent upwards of $3 billion on relabeled corn and soybean seed products last year alone!
With this kind of spend on relabeled products, farmers have every right to demand transparency when it comes to the genetics they’re buying and planting in their fields.
Additional highlights from our Seed Relabeling Report include:
- Percentage of relabeled corn and soybean seed products on the market
- Percentage of acres within the FBN network planted to relabeled genetics
- Which seed companies engage in relabeling—and how often
- Largest in-state price differences paid for the same exact variety that is relabeled and sold by different brands
Grab your free copy of our latest Seed Relabeling Report to view our data-driven analysis. Take a closer look at the current seed industry landscape, start identifying which products are being relabeled and see how you can tap into a network thousands of farmers strong to find the right genetics at the right price.