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Monsanto Is on the Verge of a Technology Explosion, Executives Tell Investors at Annual Field Event
Date:8/13/2009

cted to reach $7.3 to $7.5 billion of gross profit, approximately 2.5 times its 2007 level, and the Roundup(R) division is expected to provide approximately 10 percent of total gross profit at approximately $1 billion.

Reinforcing Monsanto's commitment to deliver seven new high impact technologies (HIT), on average one a year, Grant said the projects have the potential to deliver an incremental $3 billion in gross revenues by 2020 in the first countries of launch. The company's HIT projects include traits from the drought-tolerant corn family; the broad-acre, higher-yielding corn and soybean families; and the nitrogen-utilization corn family, all of which are part of Monsanto's yield and stress collaboration with BASF; as well as insect-protected soybean technology for Brazilian farmers.

"These projects came to be through a disciplined investment in seed and biotech that is unmatched in the industry," Grant said. "We consistently invest 14 to 15 percent of our total net sales for seeds and genomics in research and development for breeding and biotechnology. This investment underlines our commitment to continued innovation and growth."

Genuity(TM) SmartStax(TM) Corn

Grant also will announce that Monsanto-branded Genuity(TM) SmartStax(TM) is expected to be offered to farmers on 3 to 4 million acres in 2010, the largest corn biotech launch to date. Genuity(TM) SmartStax(TM), created through a cross-licensing agreement and research and development collaboration between Monsanto and Dow AgroSciences LLC, a wholly-owned subsidiary of The Dow Chemical Company (NYSE: DOW), recently received regulatory registration from the United States, Canada and Japan.

Genuity(TM) SmartStax(TM) is the agriculture industry's most advanced, all-in-one corn tr
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SOURCE Monsanto Company
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Related biology technology :

1. Dow AgroSciences, Monsanto Complete U.S. and Canadian Regulatory Authorizations for SmartStax Corn; Plans Set to Launch Seed Platform on 3 Million- to 4 Million-Plus Acres
2. Monsanto, BASF Scientists Disclose Discovery of Gene Conferring Drought Tolerance in Corn Plants
3. Monsantos Historic R&D Investment has Contributed to Mid-20s Gross Profit Growth for Its Seeds and Genomics Segment
4. Monsanto Executives to Discuss Companys Growth Drivers, Profit Goals at Investor Conferences in February
5. BASF and Monsanto Formalize Agreement to Develop Dicamba-Based Formulation Technologies
6. Monsanto Shareowners Reelect Board Members at Companys Annual Meeting
7. Monsanto Board Approves 10 Percent Dividend Increase
8. Monsanto Recognized as Top Biotechnology Employer by Science Magazine
9. Monsanto Sees Growing Opportunity for Biotech Traits Globally
10. New Insect Protection Technology From Monsanto Company Deregulated by USDA
11. Monsanto Announces Key Regulatory Approvals for Roundup Ready 2 Yield(TM) Soybeans; Product Remains on Track for 2009 Launch
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