The Notion: 5pt BRAND conversation is a brand conversation that is designed to engage consumers with products and services. Effective communication design creates a dialogue and encourages the consumer to start a conversation about their experience in the brand community.
The Notion: 5pt BRAND conversation is a brand conversation that is designed to engage consumers with products and services. Effective communication design creates a dialogue and encourages the consumer to start a conversation about their experience in the brand community.
LibertyLink Liberty Integrated Pest Management_2013 Seed Trait Technology Man...Bayer CropScience US
LibertyLink® Trait and Liberty® Herbicide are providing an integrated pest management system by adding crop protection products, seed and trait technologies, and seed treatments to cotton, soybean, corn and canola crops.
White Paper : Need for Standardization of Tests for Plant Viruseskrishgen
Plant virus testing in India requires standardization. There is a need for Department of Biotechnology, under the Ministry of Agriculture to work towards encouraging Indian manufacturers to develop and offer test kits at low costs suited to Indian farmers.
LibertyLink Liberty Integrated Pest Management_2013 Seed Trait Technology Man...Bayer CropScience US
LibertyLink® Trait and Liberty® Herbicide are providing an integrated pest management system by adding crop protection products, seed and trait technologies, and seed treatments to cotton, soybean, corn and canola crops.
White Paper : Need for Standardization of Tests for Plant Viruseskrishgen
Plant virus testing in India requires standardization. There is a need for Department of Biotechnology, under the Ministry of Agriculture to work towards encouraging Indian manufacturers to develop and offer test kits at low costs suited to Indian farmers.
This paper explores biopharma industry challenges in product development and innovation, defines PLM for the industry and provides guidance on how to get started on the PLM journey.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
1. ROBERT T. FRALEY, PH.D.
Chief Technology Officer and Executive Vice President
MYSTIC RESEARCH FACILITY
INVESTOR PRESENTATION
January 2005
1
2. Forward-Looking Statements
Certain statements contained in this presentation, such as statements concerning the company's anticipated
financial results, current and future product performance, regulatory approvals, currency impact, business and
financial plans and other non-historical facts are quot;forward-looking statements.quot; 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: the company's exposure to various contingencies, including those related to
Solutia Inc., litigation, intellectual property, regulatory compliance (including seed quality), environmental
contamination and antitrust; fluctuations in exchange rates and other developments related to foreign currencies
and economies; increased generic and branded competition for the company's Roundup herbicide; the accuracy of
the company’s estimates and projections, for example, those with respect to product returns and grower use of our
products and related distribution inventory levels; the effect of weather conditions and commodity markets on the
agriculture business; the success of the company’s research and development activities and the speed with which
regulatory authorizations and product launches may be achieved; domestic and foreign social, legal and political
developments, especially those relating to agricultural products developed through biotechnology; the company’s
ability to successfully market new and existing products in new and existing domestic and international markets;
the company’s ability to obtain payment for the products that it sells; the company's ability to achieve and maintain
protection for its intellectual property; the effects of the company's accounting policies and changes in generally
accepted accounting principles; the company's ability to fund its short-term financing needs; general economic and
business conditions; political and economic conditions due to threat of future terrorist activity and related military
action; and other risks and factors detailed in the company's filings with the U.S. Securities and Exchange
Commission. 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 to revise or update any forward-looking
statements or any of the factors that may affect actual results, whether as a result of new information, future events
or otherwise.
The trademarks identified in italics in this presentation are owned by Monsanto Company and its wholly-owned subsidiaries.
2
3. We Track the Next Generation of Products
Through the Pipeline
The heart of Monsanto’s research and development is our product pipeline. Our pipeline is
an engine for discovering and developing the next generation of commercial products. We
take our ideas through five phases — from early discovery work through four
pre-commercial preparation stages.
The pipeline product examples in this section are shown in reverse chronological order,
beginning with the products that are closest to potential commercial launch and tracking deeper
into the research phases.
We sort projects in the pipeline in categories by those that offer benefits to farmers,
processors or consumers.
Farmer benefits are those that increase productivity or reduce cost by increasing yield,
improving protection from weeds, insects and disease, or increasing tolerance to heat, drought,
and other stress.
Processor benefits create better value in food and feed nutrition for food and feed
processors.
Consumer benefits are advantages such as increased protein, improved oils, improved
fatty-acid balance, or carbohydrate enhancements that help make food healthier for consumers.
3
4. Pipeline Phases
PHASE IV
PHASE II
PHASE I PHASE III
DISCOVERY
Pre-Launch
Early Development
Proof of Concept Adv. Development
For conventional Demonstrate the Produce bulk seed for
For conventional
This is where R&D
breeding products, performance of the potential sale.
breeding, we conduct
begins. We conduct
we breed plants from hybrid or variety
field trials of plants
high-throughput
parents with desired developed through
bred from parents
screening of genetic Develop plans for
traits. conventional breeding;
with the desired traits.
databases to identify commercialization.
or
valuable plant traits to
be used in conventional For biotechnology Demonstrate the
For biotechnology Respond
breeding and valuable products, we test efficacy of a
products, we conduct to regulatory processes
genes that can be used gene configurations in biotechnology trait in
lab and field-testing of as appropriate.
to improve plants plants to screen for elite germplasm.
genes in plants to
through biotechnology. desired performance. select the product
candidates that can Develop and submit
be commercialized
We apply screens to We determine which regulatory data as
and can meet
broad categories of leads show the most appropriate
regulatory
interest, identifying promise for
requirements.
multiple leads that are application to target
then investigated. plants.
AVERAGE AVERAGE
AVERAGE AVERAGE
AVERAGE
DURATION DURATION
DURATION DURATION
DURATION
24 to 48 months 12 to 24 months 12 to 24 months 12 to 36 months
12 to 24 months
AVERAGE AVERAGE AVERAGE AVERAGE
AVERAGE
PROBABILITY PROBABILITY PROBABILITY PROBABILITY
PROBABILITY
OF SUCCESS OF SUCCESS OF SUCCESS OF SUCCESS
OF SUCCESS
5 percent 25 percent 75 percent 90 percent
50 percent
4
Time estimates are based on our experience; total development time for any particular product can be shorter or longer than the time estimates here
5. Our Technology Platforms
Monsanto uses its scientific capabilities in a number of arenas to develop
new products. These capabilities form a toolkit used throughout our
product pipeline, as each tool can be used on its own or in combination to
help study, test and refine new traits, germplasm and other characteristics
in plants.
Genomics involves the mapping of the genes of plants to understand their structure
GENOMICS
and the role they play in how the plant functions.
Conventional breeding is the process of cross-pollinating plants with desirable
CONVENTIONAL
BREEDING qualities to develop improved plants in successive generations
Molecular breeding involves the use of DNA markers for genes in combination with
MOLECULAR physical measurement of traits to manage plant breeding programs. Molecular
BREEDING breeding significantly accelerates the efficiency in bringing new varieties to market.
Crop analytics involves the application of advanced analytical methods and
technologies to identify the composition of food and feed traits.
CROP ANALYTICS
Biotechnology is the application of scientific knowledge to transfer beneficial genetic
BIOTECHNOLOGY traits to enhance plants’ growth or to provide nutritional or other benefits to farmers,
food and feed processors, or consumers.
5
6. Products Launched
Y
D
R
E
E
2
3
4
1
H
V
C
E
E
E
Farmer Benefits
E
O
N
S
S
S
S
C
A
A
A
A
U
IS
H
H
H
H
LA
D
P
P
P
P
SOYBEANS
Roundup Ready Soybeans 1996
CANOLA
1999
Roundup Ready Canola
COTTON
1997
Roundup Ready Cotton
1996
Bollgard Insect-Protected Cotton
2003
Bollgard II Insect-Protected Cotton
1997
Bollgard and Roundup Ready Cotton
CORN
1998
Roundup Ready Corn
2001
Roundup Ready Corn 2
1997
YieldGard Corn Borer Insect-Protected Corn
2003
YieldGard Rootworm Insect-Protected Corn
2004
YieldGard Plus
2005
YieldGard Plus with Roundup Ready
1998
YieldGard Corn Borer with Roundup Ready
2003
YieldGard Rootworm with Roundup Ready
GENOMICS CONVENTIONAL MOLECULAR CROP ANALYTICS BIOTECHNOLOGY
BREEDING BREEDING
6
7. Product Pipeline
Y
R
E
2
3
4
1
H
V
C
E
E
E
Farmer Benefits
E
O
N
S
S
S
S
C
A
A
A
A
U
IS
H
H
H
H
LA
D
P
P
P
P
Roundup Ready Flex Cotton 2006
Pending
Second-generation Roundup Ready/
Regulatory
YieldGard Rootworm Corn Approval
Breeding: Elite germplasm
Second-generation YieldGard
Corn Borer
Second-generation Roundup Ready
Soybeans
Drought-tolerant corn
Drought-tolerant soybeans
Drought-tolerant cotton
Higher-yielding corn
Higher-yielding soybeans
DISCOVERY PLATFORMS
Grain yield
Environmental stress tolerance
Insect control
Roundup Ready herbicide tolerance
Disease resistance
GENOMICS CONVENTIONAL MOLECULAR CROP ANALYTICS BIOTECHNOLOGY
BREEDING BREEDING
7
8. Product Pipeline
Y
R
E
2
3
4
1
H
V
C
E
E
E
Processor Benefits
E
O
N
S
S
S
S
C
A
A
A
A
U
IS
H
H
H
H
LA
D
P
P
P
P
Processor Preferred elite germplasm in
key crops, including:
– High-fermentable starch corn for
ethanol
– High-extractable starch corn
High-lysine corn
Improved-oil soybeans for
processing
Improved-protein soybeans for feed
Feed corn with balanced proteins
Feed corn with increased amino acids
DISCOVERY PLATFORMS
Protein enhancements
Lipid enhancements
GENOMICS CONVENTIONAL MOLECULAR CROP ANALYTICS BIOTECHNOLOGY
BREEDING BREEDING
8
9. Product Pipeline
Y
R
E
2
3
4
1
H
V
C
E
E
E
Consumer Benefits
E
O
N
S
S
S
S
C
A
A
A
A
U
IS
H
H
H
H
LA
D
P
P
P
P
2005
Vistive Low-Linolenic Soybeans
Improved-protein soybeans
for food
Mid-Oleic + Low-Linolenic soybeans
Omega-3 soybeans for food uses
Zero Saturated Fat + Mid-Oleic +
Low-Linolenic soybeans
DISCOVERY PLATFORMS
Protein enhancements
Lipid enhancements
Carbohydrate enhancements
Bioactive compounds
GENOMICS CONVENTIONAL MOLECULAR CROP ANALYTICS BIOTECHNOLOGY
BREEDING BREEDING
9
10. FOCUS: CORN
Corn Presents the Most Attractive Global
Opportunity Across Key Agricultural Producers
EUROPE
ASIA
UNITED STATES 15M AC
HARVESTED ACRES
50M AC
HARVESTED ACRES
71.5M AC 2B BU
HARVESTED ACRES PRODUCTION
6B BU
PRODUCTION
11.7B BU
PRODUCTION
BRAZIL
ARGENTINA
30M AC
HARVESTED ACRES
6M AC
HARVESTED ACRES
1.6B BU
PRODUCTION
660M BU
PRODUCTION
Source: U.S.D.A. Foreign Agricultural Service
10
11. FOCUS: CORN
Corn Continues to be Most Profitable Large-Acre
Crop for U.S. Farmers
2003 U.S. CROP VALUE
25
$23.3
20
$17.5
(IN BILLIONS)
15
10
$7.8
5
$1.0 $0.8 $0.2
0
CORN WHEAT BARLEY
SORGHUM OATS
SOYBEANS
Source: USDA, NASS, Crop Production, 2003 Summary, Jan 2004; USDA, ERS, Outlook Reports, Jan 2004
11
12. FOCUS: CORN
Corn Seeds and Traits is Growing Contributor to
Monsanto Gross Profit
GROSS PROFIT
$700 CORN SEEDS AND TRAITS
SOYBEANS SEEDS AND TRAITS
$600
DOLLARS (IN MILLIONS)
$500
$400
$300
$200
$100
$0
2002 2003 2004
12
13. FARMER BENEFITS
Industry’s Most Diverse Genetic Pool Creates
New Opportunities U.S.
KEY MARKET ACRES BRAZIL ARGENTINA
BRAND LICENSED ASI
Corn 80M 30M 6M
AVAILABLE MARKET
CONTRIBUTING
Breeding
1
PLATFORMS
14% 33% 2% 35% 49%
PERCENT PENETRATED
6-to-8 year process undertaken to accelerate breeding:
GENOMICS
Late 1990s: Acquired 36 major corn breeding programs
(12 countries X average of 3 companies per country)
CONVENTIONAL
BREEDING
Early 2000s: Crossed genetic lines across acquired companies
MOLECULAR
BREEDING Today: Launching new hybrids from
inter-company crosses
CROP
ANALYTICS
BIOTECHNOLOGY
WHAT IS IT?
THE MOST
ADVANCED
GERMPLASM
CREATES THE
BEST-YIELDING
NEW CORN
DISCOVERY
HYBRIDS FOR PHASE I PHASE III
PHASE II PHASE IV LAUNCH
FARMERS Proof of Concept Adv. Development
Early Development Pre-Launch
13
14. FARMER BENEFITS
Industry’s Most Diverse Genetic Pool Created
New Opportunities U.S.
KEY MARKET ACRES BRAZIL ARGENTINA
BRAND LICENSED ASI
Field Trial 80M 30M 6M
AVAILABLE MARKET
Results
2
CREATING VALUE
14% 33% 2% 35% 49%
PERCENT PENETRATED
All categories of Monsanto’s elite corn germplasm out-yielded
• Value is measured
competitors’ germplasm across 2004 field trials
in market share
gains; Monsanto’s
Up Next: Launch 37 new products in our brands
U.S. branded seed
gained 4 points in 3
2004 BRANDED CORN GERMPLASM YIELD VS COMPETITORS
years
220
• Elite, high-yielding
MONSANTO
germplasm
210
COMPETITORS
refreshes product
BUSHELS/ACRE
portfolio at the 200
high end of pricing
190
• Our highest priced
180
conventional
hybrid is about 170
$100/unit or
160
$36/acre
150
95 100 105 110 115
RELATIVE MATURITIES (DAYS)
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
14
15. PROCESSOR BENEFITS
High Lysine Enhances Animal Feed, Shifts
Value to Seed
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
High Lysine Corn 4M 1M 4M
AVAILABLE MARKET
CONTRIBUTING
1
PLATFORMS
0% 0% 0%
PERCENT PENETRATED
Lower cost of animal feed ration – lysine – which cannot be
GENOMICS
produced by animals, so must be obtained through feed
CONVENTIONAL
Improved amino acid balance
BREEDING
Increased total energy
MOLECULAR
BREEDING
CROP
ANALYTICS
BIOTECHNOLOGY
WHAT IS IT?
CORN WITH
ENHANCED LEVELS
OF A LIMITING
AMINO ACID FOR
ANIMAL FEED
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
15
16. PROCESSOR BENEFITS
High Lysine Enhances Animal Feed, Shifts
Value to Seed
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Field and Feeding 4M 1M 4M
AVAILABLE MARKET
Trial Update
2
CREATING VALUE
0% 0% 0%
PERCENT PENETRATED
U.S. regulatory packages submitted
• Market value for
feed-grade lysine Field trials conducted in U.S. and Argentina this year; Evaluating
in roughly $1
over 12 hybrid genotypes in this year’s program
billion annually*
• Value shared with Excellent performance demonstrated in feeding trials to date
Cargill through
50/50 Renessen Up Next: Regulatory review
joint venture
LYSINE TOTALS IN TESTING
CONTROL WITH GENE
1800
FREE LYSINE (PPM)
1600
1400
1200
TARGET
1000
800
600
400
200
0
U.S.
SOUTH AMERICA
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
* Source: CEH Market
Proof of Concept Adv. Development
Early Development Pre-Launch
Research
16
17. PROCESSOR BENEFITS
Second-Generation High-Lysine Corn Could
Further Replace Feed Supplements
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Feed Corn with TBD TBD TBD
AVAILABLE MARKET
CONTRIBUTING
Improved Amino Acids
1
PLATFORMS
0% 0% 0%
PERCENT PENETRATED
Increased levels of lysine over first-generation High-Lysine Corn
GENOMICS
could displace more supplements used in animal feed
CONVENTIONAL
Second generation improves the overall amino acid balance in
BREEDING
corn, creating more available “energy” in feed
MOLECULAR
BREEDING
CROP
ANALYTICS
BIOTECHNOLOGY
WHAT IS IT?
SECOND-
GENERATION CORN
WITH ENHANCED
LEVELS OF LYSINE
FOR ANIMAL FEED
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
17
18. PROCESSOR BENEFITS
Second-Generation High-Lysine Corn Could
Further Replace Feed Supplements
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Field and Feeding TBD TBD TBD
AVAILABLE MARKET
Trial Update
2
CREATING VALUE
0% 0% 0%
PERCENT PENETRATED
• Market value for
Early field trials conducted in 2004; Lead event candidates
feed-grade lysine
identified
in roughly $1
billion annually*
Up Next: Test lead events in commercially relevant
• Value shared with
germplasm
Cargill through
50/50 Renessen
joint venture
LYSINE TOTALS IN TESTING
5000
FREE LYSINE (PPM)
TARGET
4000
3000
2000
1000
0
EVENT 1 EVENT 2
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
* Source: CEH Market
Proof of Concept Adv. Development
Early Development Pre-Launch
Research
18
19. FARMER BENEFITS
Second-Generation YieldGard Corn Borer
Controls More Insects
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Second-Generation 15M 4M
AVAILABLE MARKET 30-40M
CONTRIBUTING
YieldGard Corn Borer
1
PLATFORMS
0% 0% 0%
PERCENT PENETRATED
Broad control solution for fall armyworm and corn earworm for
GENOMICS
global expansion
CONVENTIONAL Durability solution for insect resistance management
BREEDING
MOLECULAR
BREEDING
FALL ARMY WORM CONTROL
CROP
ANALYTICS
BIOTECHNOLOGY
2ND-GEN YIELDGARD
2ND-GEN YIELDGARD CONTROL
CONTROL
WHAT IS IT? CORN BORER
CORN BORER
CORN EARWORM CONTROL
SECOND-
GENERATION CORN
BORER CONTROL,
WITH EXPANDED
INSECT AND
DISCOVERY
ENHANCED IRM PHASE I PHASE III
PHASE II PHASE IV LAUNCH
DURABILITY Proof of Concept Adv. Development
Early Development Pre-Launch
19
20. FARMER BENEFITS
Second-Generation YieldGard Corn Borer
Controls More Insects
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Field Trial 30-40M 15M 4M
AVAILABLE MARKET
2 Update
CREATING VALUE
0% 0% 0%
PERCENT PENETRATED
2004 field trials conducted in Puerto Rico, Argentina and U.S.
• Value reflects
enhanced insect Excellent control in high infestations levels
control and insect
resistance Up Next: Tests in 2006 field season to validate
management. Lifts
performance in multiple inbred backgrounds
the value of the
YieldGard Corn
CORN EARWORM FEEDING DAMAGE IN TRIALS
Borer trait.
12
EAR DAMAGE (CM)
10
8
6
4
2
0
YIELDGARD CONTROL
2ND-GENERATION YIELDGARD CORN
CORN BORER EVENTS BORER COMPETING
PRODUCT
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
20
21. FARMER BENEFITS
Drought Stress Tolerance Will Be a Family
of Traits in Pipeline
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Drought-Tolerant TBD TBD TBD
AVAILABLE MARKET
CONTRIBUTING
Corn
1
PLATFORMS
0% 0% 0%
PERCENT PENETRATED
GENOMICS Yield protection on all acres to protect against water deficits
Yield enhancement on all acres through improved water
CONVENTIONAL
BREEDING use
Cost savings on irrigated acres
MOLECULAR
BREEDING
CROP
ANALYTICS
BIOTECHNOLOGY
WHAT IS IT?
HYBRIDS
PROTECTED FROM
ENVIRONMENTAL
STRESS CREATED
FROM WATER
DISCOVERY
SHORTAGE PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
21
22. FARMER BENEFITS
Drought Stress Tolerance Will Be a Family
of Traits in Pipeline
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Field Trial TBD TBD TBD
AVAILABLE MARKET
Update
CREATING VALUE
0% 0% 0%
PERCENT PENETRATED
Two gene leads obtained positive results with more than
• Pricing depends on
choice of market one transformed event
• Stacking with weed
Up Next: Test stacking; continue with lead events
and insect control
enhances the
YIELD INCREASE IN TWO GENE TRIALS
margin opportunity
30 18
• Irrigation currently 3 EVENTS: GENE 1 3 EVENTS: GENE 2
YIELD INCREASE (BU/AC)
costs $50 to $100 16
25
per acre 14
20 12
10
15
8
10 6
4
5
2
0 0
EVENT 3 EVENT 3
EVENT 1 EVENT 2 EVENT 1 EVENT 2
GERMPLASM 1 GERMPLASM 2
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
22
23. FARMER BENEFITS
Improving Nitrogen Use Can Boost Yields
KEY MARKET ACRES U.S. BRAZIL ARGENTINA
Higher-Yielding TBD TBD TBD
AVAILABLE MARKET
CONTRIBUTING
Corn
1
PLATFORMS
0% 0% 0%
PERCENT PENETRATED
GENOMICS Increased yield achieved through enhanced nitrogen
uptake and utilization
CONVENTIONAL
BREEDING Potential to reduce fertilizer inputs
MOLECULAR
ROOT TOLERANCE TO LOW NITROGEN
BREEDING
CROP
ANALYTICS
BIOTECHNOLOGY
WHAT IS IT?
CONTROL WITH GENE
HYBRIDS THAT
CAN BETTER USE
AVAILABLE
NITROGEN IN THE
SOIL
DISCOVERY PHASE I PHASE III
PHASE II PHASE IV LAUNCH
Proof of Concept Adv. Development
Early Development Pre-Launch
23
24. FOCUS: CORN
Value Shift Continues…
INDUSTRY VALUE SHIFT FROM CROP CHEMICALS TO SEEDS AND
TRAITS IS WELL UNDER WAY
1996 2003 2008F
$9.2 BILLION
$7.5 BILLION $8.4 BILLION
$0.1
$1.3
$2.7
$2.6
$3.0 $4.5
$3.5 $3.6
$3.8
CROP CHEMICALS GERMPLASM BIOTECH TRAITS
Source: U.S. 1996-2003 Doane Agrotrak & Seed Studies; 2008 Monsanto Estimate
24
25. FOCUS: CORN
… To Food, Feed and Yield
YIELDGARD CORN BORER
VALUE
CROP
ROUNDUP READY CORN
CHEMICALS SHIFT YIELDGARD ROOTWORM
HIGH-LYSINE CORN
ANIMAL VALUE
FEED CORN WITH INCREASED
NUTRITION SHIFT AMINO ACIDS
HUMAN OMEGA-3
VALUE
CORN FOR
HEALTH SHIFT FEED
DROUGHT-
WATER & TOLERANT
VALUE CORN
SOIL
SHIFT HIGHER-
NUTRIENTS
YIELDING
CORN
VALUE SHIFT TO SEED
1996
25