Monsanto’s Southern Harvest Results Show Yield Advantages for GenuityÂ® VT Triple PRO(TM) Corn Farmers
ST. LOUIS, Sept. 15, 2010 /PRNewswire-FirstCall/ — Early 2010 corn harvest results in the South for farmers using Monsanto Company’s (NYSE: MON) products that maximize yield potential – particularly GenuityÃ‚® VT Triple PRO(TM) – are encouraging, Brett Begemann, the company’s executive vice president of seeds and traits, will tell investors today at the Credit Suisse 23rd Annual Chemical and Ag Science Conference.
Monsanto’s value proposition comes from delivering products that perform on the farm and increase the profitability of the farmer, Begemann will say. With the United States Department of Agriculture reporting total corn harvest currently is 11 percent complete, Monsanto’s initial data for the areas first harvested in the Southern Corn Belt – where Genuity VT Triple PRO is the lead refuge reduction product – shows yield advantages for its customers, Begemann will tell investors.
“When the farmer wins and sees yield advantages on farm, that’s a win for us, and I feel very good about this year’s harvest so far,” Begemann will say. “What’s important at the end of the day is doing right by our farmer customers, and what I’m hearing from them is that our new approach of bringing them more products at more price points does just that.”
In corn, the reduced-refuge family dual mode above-ground technology is giving farmers the ability, for the first time, to control corn earworm. In Monsanto’s preliminary yield trials of more than 1,400 comparisons in the South, Genuity VT Triple PRO is demonstrating a yield advantage of more than eight bushels per acre over competitors. This represents a real improvement in performance for Monsanto products in this part of the country on top of the whole yield value that comes from the benefit of refuge reduction. Harvest is at early stages in the Central Corn Belt, where the majority of GenuityÃ‚® SmartStaxÃ‚® planting occurs. According to feedback to Monsanto’s agronomists, farmers have been impressed with the root and ear protection this season and are excited about the opportunity for reduced refuge, Begemann will say. Based on these early performance indicators, Monsanto is anticipating Genuity SmartStax performance will prove itself in its launch year, creating a good platform to show farmers a new whole-farm value with this reduced-refuge technology. In soybeans, Begemann will say although the harvest is just beginning, he’s also encouraged by reports of excellent crop development for GenuityÃ‚® Roundup Ready 2 YieldÃ‚® crop this season.
A resource page tracking 2010 harvest updates, information and data is available at: http://www.monsanto.com/productperformance/Pages/default.aspx.
Monsanto will provide a complete report on fourth-quarter and fiscal-year earnings on Oct. 6.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.
Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world’s natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on TwitterÃ‚® at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at www.monsantoblog.com, or subscribe to our News Release RSS Feed.
Note to Editors: Genuity, SmartStax, VT Triple PRO, and Roundup Ready 2 Yield are trademarks of Monsanto Technology LLC.
Cautionary Statements Regarding Forward-Looking Information:
Certain statements contained in this release are “forward-looking statements,” such as statements concerning the company’s anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company’s actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company’s exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public acceptance of biotechnology products; the success of the company’s research and development activities; the outcomes of major lawsuits; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company’s estimates related to distribution inventory levels; the company’s ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company’s facilities; and other risks and factors detailed in the company’s most recent Form 10-K Report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.
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SOURCE Monsanto Company