US sales of agricultural biotechnology products will grow 5.8 percent yearly through 2006. Transgenic seeds and crops will remain dominant, led by insect-protected and/or herbicide-tolerant corn and soybeans. Longer-term gains will be driven by transgenic wheat and rice seeds, transgenic plant and animal factories, porcine somatotropin, and DNA-based plant diagnostics.

This study analyzes the $2.1 billion US agricultural biotechnology industry. It presents historical data (1996, 2001) and forecasts to 2006 and 2011 by product (e.g., transgenic seeds and plants, animal growth hormones, biopesticides, agricultural diagnostics, transgenic livestock, forestry products, aquaculture, transgenic plant factories); by end-use application (e.g., crop protection, livestock health promotion, crop enhancement, chemical production); and by market.

The study also examines the market environment, reviews technology, details industry structure and market share, and profiles 33 companies including Monsanto, DuPont, Syngenta, Delta and Pine Land, and Bayer CropScience.

                           TABLE OF CONTENTS
                                    
  
  SECTION                                                          PAGE
  
         INTRODUCTION                                                ix
     
   I.    EXECUTIVE SUMMARY                                            1
     
  II.    MARKET ENVIRONMENT                                           4
         General                                                      4
         Economic Factors                                             5
         Demographic Trends                                           7
         Trends in Agriculture                                        9
           Agricultural Inputs                                       11
           Farm Income                                               13
           Crop Planting Trends                                      14
           Crop Value                                                15
         Environmental & Political Considerations                    16
         Regulatory Considerations                                   18
         Intellectual Property & Patent Issues                       21
         
 III.    AGRICULTURAL BIOTECHNOLOGY OVERVIEW                         23
         General                                                     23
         Technology Review                                           25
           Transformation & Transgenic Technologies                  26
           Other Agricultural Biotechnologies                        27
         Research & Development Activity                             29
         Product Demand Patterns                                     32
         International Markets                                       33
         
  IV.    TRANSGENIC SEEDS & PLANTS                                   35
         General                                                     35
         Total Transgenic Acreage                                    37
         Total Transgenic Seed & Plant Sales                         38
         Oil Crops                                                   40
           Transgenic Acreage                                        40
           Transgenic Seed Sales                                     41
              Soybeans                                               42
              Canola                                                 46
              Other Transgenic Oil Crops                             48
         Cereal & Feed Grains					     49
           Transgenic Acreage                                        49
           Transgenic Seed Sales                                     51
              Corn                                                   52
              Other Transgenic Cereal & Feed Grains                  56
         Fruits & Vegetables                                         59
           Transgenic Acreage                                        60
           Transgenic Seed Sales                                     61
              Potatoes                                               62
              Other Transgenic Fruits & Vegetables                   63
              Products & Producers                                   63
         Cotton & Other Transgenic Crops & Plants                    64
           Transgenic Acreage                                        65
           Transgenic Seed & Plant Sales                             66
              Cotton                                                 66
              Miscellaneous Transgenic Crops & Plants                69
              
   V.    OTHER AGRICULTURAL BIOTECHNOLOGY PRODUCTS                   73
         General                                                     73
         Animal Growth Hormones                                      75
         Biopesticides                                               78
           Bioinsecticides                                           79
           Other Biopesticides                                       82
              Biofungicides                                          83
              Miscellaneous Biopesticides                            84
         Miscellaneous Agricultural Biotechnology Products           86
           Agricultural Diagnostics                                  87
           Additional Products                                       90
              Transgenic Livestock                                   90
              Forestry Products                                      91
              Aquaculture                                            92
              Transgenic Plant Factories                             93
              All Other Products                                     94
  
  VI.    END-USE APPLICATIONS                                        95
         General                                                     95
         Crop Protection                                             97
           Weed Control                                              98
           Insect Control                                           100
           Disease Control & Other Crop Protection                  103
         Livestock Health Promotion                                 106
         Crop Enhancement                                           108
         Chemical Production & Other Applications                   110
         
 VII.    MARKETS                                                    112
         General                                                    112
         Field Crop Farms                                           114
         Livestock & Dairy Farms                                    117
         Produce Farms                                              118
         Other Markets                                              119
         
 VIII.  INDUSTRY STRUCTURE                                          121
         General                                                    121
         Market Share                                               125
           Monsanto                                                 126
           Other Companies                                          128
         Competitive Strategies                                     129
         Financing Trends                                           131
         Valuation of Companies                                     132
         Distribution & Marketing                                   133
         Manufacturing Requirements                                 134
         Mergers & Acquisitions                                     135
         Licensing & Related Agreements                             138
         Company Profiles                                           149
           A/F Protein Incorporated                                 150
           Advanced AgriTraits LLC, see Dow Chemical Company           
           Advanta BV                                               151
           Agracetus, see Monsanto Company                             
           AgraQuest Incorporated                                   153
           AgReliant Genetics LLC, see Groupe Limagrain Holding        
           AgriGold Hybrids, see Groupe Limagrain Holding              
           Agrinomics LLC, see Bayer AG and Exelixis Incorporated
           Agritope Incorporated, see Exelixis Incorporated            
           AQUA Bounty Farms Incorporated                           156
           Asgrow Seed Company LLC, see Monsanto Company               
           AstraZeneca plc                                          158
           Aventis CropScience SA, see Bayer AG                        
           Aventis SA                                               159
           BASF AG                                                  160
           Bayer AG                                                 163
           Bionova Holding Corporation, see Savia SA de CV             
           Cargill Hybrid Seeds, see Dow Chemical Company              
           Cargill Incorporated                                     168
           Cereon Genomics LLC, see Monsanto Company                   
           Certis USA LLC, see Mitsui & Company Limited                
           Chr. Hansen Holding A/S                                  170
           Consep Incorporated, see Suterra LLC                        
           CropTech Corporation                                     172
           DEKALB Genetics Corporation, see Monsanto Company
           Delta and Pine Land Company                              174
           DNA Plant Technology Corporation, see Savia SA de CV        
           Dow Chemical Company                                     177
           DuPont (EI) de Nemours                                   183
           Ecogen Incorporated                                      189
           Emergent Genetics LLC                                    192
           Exelixis Incorporated                                    194
           ExSeed Genetics LLC, see BASF AG                            
           Florigene Limited, see Nufarm Limited                       
           Forage Genetics International, see 
              Research Seeds Incorporated
           Garst Seed Company, see Advanta BV                                   
           Genetic ID Incorporated                                  197
           Genoptera LLC, see Bayer AG and Exelixis Incorporated       
           Groupe Limagrain Holding                                 200
           Harris Moran Seed Company, see Groupe Limagrain 
           Helena Cotton Research, see Emergent Genetics LLC           
           MEDTOX Scientific Incorporated                           203
           Millennium Pharmaceuticals Incorporated                  204
           Mitsui & Company Limited				    205
           Monsanto Company                                         208
           Mycogen Corporation, see Dow Chemical Company               
           Neogen Corporation                                       217
           NovaFlora Incorporated                                   219
           Novartis Agricultural Discovery Institute, see Syngenta
           Novartis International AG                                220
           Nufarm Limited                                           221
           Pioneer Hi-Bred International, see DuPont (EI) de Nemours   
           Protein Technologies International, see 
              DuPont (EI) de Nemours                                   
           Renessen LLC, see Cargill and Monsanto Company
           Research Seeds Incorporated                              224
           Savia SA de CV                                           227
           Seed Research of Oregon, see Research Seeds Incorporated
           Seminis Incorporated, see Savia SA de CV                    
           Soygenetics LLC, see Groupe Limagrain Holding               
           Stoneville Pedigreed Seed Company, see Emergent Genetics
           Strategic Diagnostics Incorporated                       231
           Suterra LLC                                              234
           Syngenta AG                                              235
           Thermo Electron Corporation                              241
           Thermo Trilogy Corporation, see Mitsui & Company
           Torrey Mesa Research Institute, see Syngenta AG             
           Urbana Laboratories, see Research Seeds Incorporated        
           VPP Corporation, see Savia SA de CV                         
           Wensman Seed Company, see Groupe Limagrain Holding          
           Wilson Genetics LLC, see Syngenta AG                        
           Zymetrics Incorporated, see Syngenta AG                     
  
    

                               LIST OF TABLES
                                   
    TABLE NUMBER        				           PAGE
  
  
         SECTION I                                                     
         Summary Table						      3
  
         SECTION II
    1    Macroeconomic Trends                                         5
    2    Selected Demographic Indicators                              9
    3    Farm Acreage & Livestock Indicators                         11
    4    Agricultural Expenses                                       12
    5    Farm Income                                                 13
    6    Selected Crop Planting Trends                               14
    7    Crop Acres Planted by Type                                  15
    8    Crop Value                                                  16
  
         SECTION III
    1    Agricultural Biotechnology Product Sales by Type            24
    2    R&D Spending of Selected Agricultural Biotechnology 
	   Companies                                                 32
    3    World Agricultural Biotechnology Products Demand            34
  
         SECTION IV
    1    Transgenic Acreage & Sales                                  36
    2    Transgenic Seed Acres Planted by Type                       38
    3    Transgenic Seed & Plant Sales by Type                       39
    4    Transgenic Oil Crop Acreage                                 41
    5    Transgenic Oil Crop Seed Sales                              42
    6    Transgenic Cereal & Feed Grain Acreage                      50
    7    Transgenic Cereal & Feed Grain Seed Sales                   52
    8    Transgenic Fruit & Vegetable Acreage                        61
    9    Transgenic Fruit & Vegetable Seed Sales                     62
   10    Cotton & Other Transgenic Crop Acreage                      65
   11    Cotton & Other Transgenic Seed Sales                        66
  
         SECTION V
    1    Other Agricultural Biotechnology Product Sales by Type      74
    2    Recombinant Animal Growth Hormone Sales                     77
    3    Biopesticide Sales by Type & Application                    79
    4    Bioinsecticide Sales                                        82
    5    Other Biopesticide Sales                                    83
    6    Miscellaneous Agricultural Biotechnology Product Sales      87
  
         SECTION VI
    1    Agricultural Biotechnology Sales by End-Use Application     96
    2    Crop Protection Applications: Biotechnology Product Sales 
           by Application & Type                                     98
    3    Weed Control Applications:  Biotechnology Product Sales    100
    4    Insect Control Applications:  Biotechnology Product Sales  103
    5    Disease Control & Other Crop Protection Applications: 
           Biotechnology Product Sales                              106
    6    Livestock & Other Animal Health Applications:  
           Biotechnology Product Sales                              108
    7    Crop Enhancement Applications: Biotechnology Product Sales 109
    8    Chemical Production & Other Applications: 
           Biotechnology Product Sales                              111
  
         SECTION VII
    1    Agricultural Biotechnology Sales by Market                 113
    2    Field Crop Farms Market for Agricultural Biotechnology     117
    3    Livestock & Dairy Farms Market for Agricultural 
           Biotechnology                                            118
    4    Produce Farms Market for Agricultural Biotechnology        119
    5    Other Markets for Agricultural Biotechnology               120
  
         SECTION VIII
    1    US Agricultural Biotechnology Sales by Company, 2001       123
    2    Selected Acquisitions & Divestitures                       136
    3    Selected Cooperative Agreements                            140
         
    	
		
 				 LIST OF CHARTS
  
    CHART NUMBER         			                   PAGE
  
  
  
         SECTION III
    1    US Agricultural Biotechnology Sales by Type, 2001           25
  
         SECTION IV
    1    US Transgenic Crop Acreage, 1996-2001                       37
    2    Transgenic Seed & Plant Sales by Type, 2001                 40
  
         SECTION V
    1    Other Agricultural Biotechnology Sales by Type, 2001        74
  
         SECTION VI
    1    Agricultural Biotechnology Sales by Application, 2001       96
  
         SECTION VII
    1    Agricultural Biotechnology Sales by Market, 2001           114
  
         SECTION VIII
    1    US Agricultural Biotechnology Market Share 
           by Company, 2001                                         126