Monsanto to Close Seed Production Facility

According to reports, Monsanto is planning to shut down its foundation corn seed production facility in Parkersburg, Iowa and cease operations from September 2008.
Although the company intends to increase seed production as corn demand grows, expansion of this facility is not deemed feasible. The company will instead expand its commercial seed production and processing facility in Grinnell, Iowa. This facility will also be used to produce foundation seed.