Monsanto Company sees a significant growth opportunity in continuing to create more yield for farmers worldwide through its resarch and development investment in plant biotechnology and breeding.
This message and other key comments will be delivered to investors by Robb Fraley, Monsanto's executive vice president and chief technology officer, as part of the Canaccord Adams Conference in Toronto.
"Even as we live through a global recession, we believe the demand for grain continues. That demand can only be met by harvesting more yield, more sustainably off of the same acre," Fraley said. "Monsanto has committed to doubling yields in corn, soybeans and cotton by 2030 in our technology, and the innovation unlocked from breeding and biotechnology can help deliver seed technologies to farmers that provide yield and value."
Fraley's presentation will discuss products in Monsanto's R&D pipeline, as well as 2008 harvest yield data.
Monsanto recently completed a preliminary review of its yield trials and research confirmed that in 100's of comparisons Roundup Ready 2 Yield soybeans delivered a 7 percent to 8 percent yield advantage of more than 3.5 to 4 bushels per acre as compared to competitive Roundup Ready soybean varieties. Fraley will discuss how this technology will bring a step-change function in yield to soybean production, pulling forward in one year with one trait what would have taken six years or more with conventional breeding.
"Our field trials clearly demonstrate that Roundup Ready 2 Yield soybeans provided a consistent yield advantage in this year's challenging growing season," Fraley said. "Our products need to perform consistently in the varied weather conditions our growers face every season. Consistency equals more yield and return for growers and for our investors."
As further evidence of growing interest and acceptance of this technology, Roundup Ready 2 Yield soybeans achieved a major milestone last week when the technology received regulatory approval in the European Union for importation. Roundup Ready 2 Yield will be introduced on 1 million to 2 million U.S. acres for the 2009 season as part of a controlled commercial release, followed by a large-scale product launch on 5 million to 6 million acres scheduled for 2010.
Fraley will also announce that Monsanto has finalized its 2008 corn yield data confirming that Monsanto's Dekalb corn seed products consistently delivered a 9.6-bushel-per-acre yield advantage over national competitor products in more than 15,300 comparisons, with a three-year rolling average at nearly 9 bushels per acre.
Fraley noted that Monsanto's research and development pipeline is currently being assessed and analyzed based on 2008 field trials, and he anticipates multiple projects to advance. Monsanto will discuss its annual research and development pipeline review during its first quarter earnings call on Jan. 7, 2009.
Fraley's presentation slides and simultaneous audio webcast of the presentation may be accessed by clicking here. A replay of the webcast will be available for two weeks.