We have reached a peak in all industrialized countries and have cannibalized the markets by introducing better varieties, which increase yields and cause the growers to use fewer seeds.

Seed companies did not compensate for that loss of seed usage and were left with too much inventory and a loss of sales. Most companies did not make any money in the past few years.

Most companies are aware of this problem and are taking active roles in compensating for this drop of consumption of seeds.