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                                                                    EXHIBIT 99.2



             PLANET POLYMER ANNOUNCES CHANGES IN BOARD OF DIRECTORS


      SAN DIEGO, CA, JULY 23, 2001 -- Planet Polymer Technologies (Pink Sheets:
POLY) today announced changes in its Board of Directors.

      Mr. Dennis J. LaHood, formerly President of Country Products Group of
Agway Inc., retired from Agway Inc. on July 13, 2001 after 32 years of service.
Coincident with his retirement from Agway, Mr. LaHood has resigned from the
Board of Planet. Mr. LaHood has served on the Board of Planet pursuant to an
understanding between Planet and Agway since April 1999. Mr. Gerald R. Seeber,
Senior Vice President and Chief Administrative Officer of Agway Inc. has been
nominated and approved to replace Mr. LaHood for the balance of Mr. LaHood's
term.

      Dr. Michael M. Coleman has been a Director of the Company since April
1996. In anticipation of his retirement from The Pennsylvania State University
at the end of the coming term, Dr. Coleman has advised the Board of his
intention to resign from the Board effective August 14, 2001. The seat held by
Dr. Coleman will not be filled.

        Mr. Thomas A. Landshof, a Director since March 1998, has advised the
Board that he will be resigning from the Board effective August 14, 2001, due to
other business investments and outside commitments. The seat held by Mr.
Landshof will not be filled.

        Planet Polymer Technologies, Inc. is an advanced materials company that
develops and licenses unique water-soluble polymer and biodegradable materials
with broad applications in the fields of agriculture, industrial manufacturing
and specialty packaging.

Except for the historical information contained herein, this news release
contains forward-looking statements which involve risks and uncertainties,
including the risk that actual results could differ materially from the results
that may be indicated by such forward-looking statements. Factors that could
cause or contribute to such differences include, but are not limited to, the
development and market acceptance of new products and technologies, and market
conditions as well as other risks detailed from time to time in Planet Polymer's
SEC reports, including the report on Form 10-KSB for the year ended December 31,
2000.


Contact: Planet Polymer Technologies, Inc.  Coffin Communications Group
         Richard C. Bernier, 858-536-3495   Sean Collins, 818-789-0100, ext. 102

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