You underestimate the strength of MON’s LT business model, IMO.
Regardless of crop prices, no grower wants to pinch pennies on seed because that results in lower yield. Moreover, MON continuously upgrades the germplasm in all product lines, which generates a “stealth” price increase of about 5% per annum as growers typically upgrade their germplasm every five years or so, paying 25% more, on average, for the latest variety.
When you add all this to the tailwind from the growing world population and the increasing demand for protein food that comes with increasing affluence, MON is one of the surest bets for the next decade, IMO.
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