New York, New York
May 27, 2008
Monsanto Company (NYSE:
MON) expects to more than double its fiscal year 2007 gross
profit by 2012 through the execution of a strategy that delivers
increased productivity and yield to farmers, Chairman, President
and Chief Executive Officer Hugh Grant will tell investors
tomorrow. Grant will deliver his remarks as part of a
presentation at the Sanford Bernstein 2008 Strategic Decisions
Conference tomorrow in New York.
Grant's presentation will reinforce that Monsanto's strategy is
based on innovation that delivers increased productivity and
yields, which creates value irrespective of the ups and downs of
commodity prices. As a result, companies like Monsanto that are
focused on innovation are indifferent to the commodity cycle and
have the ability to price to value.
Monsanto's plan for growth is a balanced, additive progression
built upon its growth drivers, Grant will say.
"We have extended our leadership, widening the gap through
global share growth, faster trait penetration and accelerated
expansion into new markets,"
Grant said. "We also plan to launch three new game-changing
platforms through 2012."
Grant will also emphasize how boosting yield-per-acre can make a
meaningful difference in today's supply-demand environment.
Monsanto's strategy is based on increasing productivity and
yields to help meet the collective needs of food, feed and fuel
demands.
"Getting more yield from the land already in production today is
the most viable solution," Grant said. "If Brazil, India and
Mexico corn yields could be brought to 100 bushels per acre,
global production would be bolstered by nearly 4 billion
additional bushels of corn. As a result, companies like Monsanto
that use innovation to provide breakthrough, high-yielding
products for farmers are best positioned to extend their
leadership in today's environment."
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality. |
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