Source: CropLife America
CropLife America (CLA) released a new study of research and development for the crop protection industry showing a nearly 40 percent increase in investment expenditure over the past decade in the discovery, development and registration of new pest and disease prevention products in the U.S. and Europe. Commissioned by CLA and the European Crop Protection Association (ECPA), the study offers new perspectives on committed expenditure related to innovation for protecting crops and fighting disease through a constantly changing regulatory process for the industry. Conducted by agribusiness consultant Phillips McDougall, the research indicates how the authorization of a new agrochemical product is highly complex, expensive and time consuming.
While announcing the study's results during a news conference at the National Press Club, CLA President and CEO Jay Vroom stressed the importance of research and development in bringing a new crop protection product to market. However, he expressed concern over the lengthy time, an average of 9.8 years from the first research tests, that it takes for final authorization of the product for market introduction.