Monsanto was awarded the Sustainable Agriculture Company trophy by Vietnam’s Former Deputy Prime Minister Nguyen Cong Tan at the “Vietnam’s Top Sustainable Agriculture Companies and Individuals” on Jan. 11.
The “Vietnam’s Top Sustainable Agriculture Companies and Individuals” list is a joint effort between the Vietnam Ministry of Agriculture and Development, Ministry of Industry and Trade and Farmer’s Association to recognize companies with best practices to develop Vietnam’s Agriculture sustainably. The finalists were selected through the nominations and surveys carried out all over Vietnam and final review by the Organizing Committee.
“At Monsanto, we are committed to sustainable agriculture. We are pleased that this honor recognizes that commitment,” said Nguyen Hong Chinh, Monsanto Vietnam Corporate Affairs Lead. “This recognition reflects the dedicated work of Monsanto employees who have been working together with farmers and partners in Vietnam since 1995 to improve agriculture and improve lives.”
Since its establishment in Vietnam, DEKALB Vietnam has always worked with the government and farmers as trusted partners to address agricultural challenges under its sustainable investment strategy. The strategy aims to bring Monsanto’s most advanced global products for local testing to offer local best-fit hybrids for Vietnamese farmers. To help farmers achieve optimum yield, each year Monsanto directly shares these practices with 150,000 Vietnamese farmers so that they can proactively tackle agricultural challenges, produce more and improve lives.
Monsanto’s “Hi-Pop” practice has also been cited as the core factor helping farmers in Son La, Phu Tho, Dong Nai, An Giang and Ba Ria – Vung Tau provinces increase their corn yields by 30 percent. For the community, Monsanto has provided more than $200,000 for education and provided a means of living for poor farmers in Vietnam’s northern and central regions.
Over the past year, the company has begun a brand new initiative named “Rice-to-corn rotation,” or RCR, which offers a comprehensive solution to address Vietnam’s growing corn demand, rice surplus, and improve farming income while protecting rice land resources. Only three months after the government announced its plan, RCR helped farmers in An Giang and Dong Thap easily moved from rice to corn production, successfully transitioning 2,200 hectares of rice paddies. Farmer’s profits jumped from 2.5 to 4 times after switching rice fields to corn cultivation.
Moreover, the model helped farmers to better protect their land resources, reduce water use by 40 percent, pesticide and fungicide use by 25 percent, and labor, cost and time by 80 percent per hectare. This saved up to $1 million in the initial stage and improved the livelihoods of 5,000 farmers.