L. William TEWELES - Verdant Partners - USA

June 2002

The next step for the leading forage companies was to hire PhD plant breeders to develop our own proprietary varieties of alfalfa, clovers, field grasses, etc. This was the beginning of the brain drain of plant breeders from the USDA and land grant colleges into the private forage seed sector. That change is pretty much evident today with very little forage seed research being done in the public sector. Historically, a similar pattern had previously taken place in the 30’s in the hybrid seed corn industry where the early hybrids were developed by the plant breeding staff of the land grant colleges. Then, the profit margin squeeze of small and large companies having access to the same pedigrees forced the majors, DeKalb, Pioneer, etc., to establish research departments and breed their own hybrids. In many cases they utilized inbreds developed by the public experiment stations.

Things rocked along pretty well at the old family company. Then, in the early sixties apparently an innocuous event took place. The Woodruff Seed Company of Milford, Connecticut was acquired by the Upjohn Company, Kalamazoo, Michigan, a major pharmaceutical firm. This event was as far as I can remember the first important seed company acquisition although at the time we didn’t have any idea of why the acquisition was made and where it might lead. Woodruffs were vegetable seed breeders and marketers as well as turf seed specialists. Why in the world would a multibillion-dollar drug company want to own a piddling, little $20 or $25 million annual sales seed company? None of us had any idea of the ultimate impact of this early transaction. But, again, this was the changing seed industry.

 

 

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