Archer Daniels Midland (ADM), Deere (DE), Monsanto (MON) to Collaborate on Corn Stover Research
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Archer Daniels Midland Company (NYSE: ADM), Deere & Company (NYSE: DE) and Monsanto Company (NYSE: MON) have agreed to collaborate on research to explore technologies and processes to turn crop residues into feed and bioenergy products.
The companies will work together to identify environmentally and economically sustainable methods for the harvest, storage and transport of corn stover -- the stalks, leaves and cobs of corn plants. Corn stover can be used in feed for animals, as biomass to generate steam and electricity or as a cellulosic feedstock for biofuel production.
By creating feed and energy products from crop byproducts, farmers can produce more products without farming more acres, and increase the value derived from each acre.
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