St. Louis, Missouri
August 27, 2007
Building off of a strong 2007
season, Monsanto's (NYSE:
MON) business is poised to create technology and commercial
platforms that will enable the company to sustain its leadership
and growth beyond the end of the decade, senior management will
tell investors today.
Monsanto's
remarks will be delivered as part of the company's second annual
summer field event for investors, which begins today and
continues tomorrow.
This
year's event will be held at the Farm Progress Show, one of the
world's largest outdoor farm shows, in Decatur, Ill. The event
will include a special behind-the-scenes tour of the company's
exhibit at the show as well as presentations by senior
management.
Monsanto's
exhibition at this year's Farm Progress Show will feature a
complete on-site research-and-development (R&D) technology
showcase including in-the-field displays of the company's key
R&D pipeline technologies for the farm. Monsanto planted the
live test plots earlier this year so that farmers and investors
could see each of the projects in a field setting.
"We have
the most successful R&D program in the ag industry, and it's
poised to deliver value to farmers for years to come," Robb
Fraley, Monsanto's chief technology officer, said. "No one in
our industry has invested in the farmer the way we have or for
as long as we have, and this investment has enabled us to
deliver continuous innovation to the farm."
"In just
one acre at the Farm Progress Show, we've assembled the
brightest projects and best commercial opportunities that are
poised to redefine farming for the next decade," Fraley said.
Monsanto's
exhibit at the show will include new technologies and innovative
approaches like:
-
Roundup RReady2Yield soybeans: This new soybean technology
recently completed U.S. and Canadian regulatory approvals
and is now one step closer to commercial availability. It
represents the soybean industry's first new trait technology
developed in more than a decade. Three years of field
comparisons have demonstrated that the technology can
deliver a yield advantage of 7 to 11 percent over its
first-generation Roundup Ready counterpart.
-
Drought tolerant corn: This technology is one of the
centerpieces of Monsanto's R&D pipeline and its yield and
stress technology collaboration with BASF. In the second
year of South American testing, the drought-tolerant
technology consistently delivered yield improvements
compared with controls under water-stressed conditions, with
yield advantages of up to 12 bushels per acre.
-
Monsanto's library of corn, soybean and cotton germplasm:
Monsanto has seen strong adoption of its corn and soybean
seed brands, contributing to growth in its national corn
seed business of between 4-5 percentage points this year.
The company also expects that its national soybean brand,
Asgrow, has realized share growth of more than 1 percent
this year. Monsanto is currently using advanced breeding
tools to more efficiently select for the best base
germplasm, which will enable the company to continue
delivering enhancements in these three crops in the coming
seasons.
As part of
the technology showcase tour, Fraley and the technology
leadership team will discuss how projects the company is working
on will help support farmers as they work to address the
challenges facing global agriculture.
In a
presentation on emerging trends in agriculture, Monsanto's Carl
Casale, executive vice president for North American commercial
business, will describe the changing global landscape for the
production of corn, soybeans and cotton. With mounting global
demand and constraints on key variables like land availability,
Casale will discuss how there's an ever increasing emphasis on
the productivity per acre.
"Today,
we're seeing trends toward a demand-driven agricultural economy,
where productivity per acre becomes an increasingly important
factor in every crop," Casale said. "No company in the industry
will be better positioned to meet these emerging trends than
Monsanto -- and it all begins with our robust R&D program."
"We're
focused on producing the best technology to maximize profit and
productivity for the farmer, and because of that, we're poised
for growth regardless of cyclical swings in commodity prices or
shifts in crop plantings," Casale said.
Materials
related to this investor briefing are available on the company's
web site at
http://www.monsanto.com/. These materials include:
In
addition to the investor event materials, Monsanto has also
posted information related to its presence at this week's Farm
Progress Show. Interested parties can access this information on
the company's web site at
http://www.monsanto.com/. These materials include:
-
Blog:
The Peek Over The Fence blog provides a week-by-week tour of
how the technology showcase has evolved from an empty
one-acre plot to a lush display of Monsanto's R&D projects.
-
Time-lapse videos: Time-lapse videos chronicle the growth
cycle of Monsanto's drought-tolerant corn and
third-generation soybean technology for dicamba-tolerance.
-
Farmer
interviews: This section includes comments from farmers at
the show and gauges their impressions on the company's
technology showcase.
-
Podcasts: This section includes comments from Monsanto
officials on the showcase and the company's investment in
new technologies for the farm.
Monsanto is an agriculture company. The company is a leading
provider of technology-based solutions and agricultural products
that improve farm productivity and food quality. Monsanto is
committed to investing in products that can make a difference
for its farmer customers and the land they farm. The company
uses plant breeding, plant biotechnology and other applications
of modern science to support its commitment to agriculture and
the farmers that feed, clothe and fuel our growing world.
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