Investor presentations are always good fodder for news around here. Today’s release previewed what our leadership will discuss at investor meetings over the next two days. A few items caught my attention:
- More Mix – Farmers are seeing more mix in our biotech (GMO) product offerings as more and more traits come to market. Increasingly, farmers will be choosing from a selection of different traited products at different price points. When I came to Monsanto close to five years ago, stacked traits were just starting to gain in popularity with farmers. Corn farmers in 2010 will be able to plant the newly announced Genuity™ VT Double PRO™ in addition to Genuity™ VT Triple PRO™ and Genuity™ SmartStax.™ I’ll be interested in seeing what farmers decide to buy and how they make their decision.
- Refuge – Speaking of those three corn products, they all offer a reduced refuge planting option for which farmers have asked. Whether farmers plant one of these corn products or another, we’ll continue to work with growers and the industry on compliance with refuge requirements.
- Advancements in Vegetables – I spent a couple of years supporting our vegetable business, and I get excited when I see progress being made in those crops. Monsanto’s pathology group is working hard on delivering improved disease resistance in peppers, and a new sweet onion will be available in supermarkets this fall.
You can listen live to the Webcast of the investor event through our web site. Briefing slides are already available and a Webcast replay will be available through the end of the month.