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Farmers finding hope in 'super seeds'

The severe drought in Midwest, one of the worst in U.S. history, is devastating farmers’ crops, but a new type of seed is providing some hope.

These “super seeds” have drought-resistant traits -- they can hang on longer without water -- and they can fight pests without pesticides, according to CNBC’s Jane Wells.

Monsanto, an agricultural biotechnology company, says the new seeds have added $20 billion to farm incomes over the past decade.

But not every farmer is convinced that the new seeds are the solution to their problems. The next-generation seeds cost twice as much as conventional seeds, and not every farmer is a fan Wells reports. Many are going back to using conventional seeds.

Click here to check Monsanto’s share price.