Brett Begemann, Executive Vice President of Global Commercial at Monsanto, presented at the Credit Suisse Conference on March 10, 2008. The presentation discussed (1) changing global supply and demand dynamics in agriculture increasing productivity demands; (2) Monsanto's strategy and pipeline to double gross profits by 2012 through new product launches and market share gains across corn, soybeans, and cotton in both domestic and international markets; and (3) near-term opportunities for 2008 including expected US market share increases in corn and soybeans.
The document discusses emerging macro trends in global agricultural production over the next decade for corn, soybeans, and cotton. It outlines how Monsanto is well positioned to capitalize on opportunities presented by these trends through solutions like nitrogen-utilization corn, drought-tolerant traits, and an improved-oils soybean platform. The summary also provides Monsanto's international growth priorities and outlook for 2010 in key areas like increasing Roundup Ready soybean penetration in Brazil and expanding cotton traits in India and Argentina.
This document provides an overview of Monsanto's strategy and financial performance. It discusses how Monsanto is positioned for growth through 2022 by focusing on innovation and expanding its seed and trait portfolio globally. Key points include:
- Monsanto has grown its gross profit and ongoing EPS significantly from 2004-2008 through its seeds and genomics segment, driven by innovative solutions and seed share gains.
- Its seed base and portfolio of patented traits have created unmatched capabilities in major crops like corn, soybeans, and cotton.
- Brands like DEKALB and ASI are gaining share in corn as investment in breeding delivers yield advantages over competitors.
- Triple-stack corn trait penetration exceeded expectations in 2008
- Global trends are changing supply and demand patterns for agriculture worldwide, creating a new dynamic. Growing wealth and populations in Asia are leading to new demands that favor the US as a low-cost corn producer.
- Increasing protein demand over the next decade is expected, as wealth drives increased meat consumption globally. This disproportionately increases demand for grain, with estimates of pounds of grain needed per pound of beef, pork, or chicken produced.
- Emerging countries like China and Brazil are reaching domestic production limits, driving changes in global export markets and advantages for countries like the US, Argentina, and Brazil based on land availability and geographic proximity.
1) The document discusses Carl Casale's presentation at the 19th Annual Chemical Conference on September 20, 2006.
2) It provides an overview of increasing global demand for grain and how this is leading to fundamental shifts favoring corn and soybean production in the US.
3) The presentation outlines how farmers' seed purchasing decisions are driven by maximizing yield potential through high-performing seeds and crop protection traits.
The document discusses Hugh Grant's presentation at the Sanford Bernstein Strategic Decisions Conference on May 28, 2008. It includes forward-looking statements about Monsanto's financial projections and products, along with risks and uncertainties. The presentation then provides an overview of changing global supply and demand dynamics in agriculture and opportunities to optimize corn yields around the world.
Farmers purchase seeds from multiple brands and dealers to diversify their risk. They typically plant 3-4 brands and 5-8 varieties of corn, with 60% selecting germplasm first before choosing biotech traits. Purchases are made from 2-3 dealers in November and December. 38% of the corn is the latest top-yielding hybrids, with the goal of maximizing yield while minimizing risk through genetic diversity.
The document provides information about accessing venture capital funding from SEAF India Agribusiness Fund for small agribusiness enterprises in India. It outlines the growth opportunities in Indian agriculture and food processing sectors. It then describes SEAF India Agribusiness Fund's focus on investing in food value chain companies and criteria for evaluating potential investments. Finally, it discusses the typical process an entrepreneur would go through to approach SEAF for funding, including understanding capital needs, preparing a pitch, undergoing due diligence, and collaborating post-investment.
1) Monsanto has opportunities to grow its market share and gross profit in key international corn markets like France, Italy, Hungary, Turkey, South Africa, Mexico, and India.
2) The value per acre varies by country, with France, Italy, Hungary, and Mexico representing medium-to-high value opportunities.
3) Monsanto aims to expand its hybrid corn market share in each of the largest corn-growing countries through molecular breeding applications and biotech traits.
The document discusses emerging macro trends in global agricultural production over the next decade for corn, soybeans, and cotton. It outlines how Monsanto is well positioned to capitalize on opportunities presented by these trends through solutions like nitrogen-utilization corn, drought-tolerant traits, and an improved-oils soybean platform. The summary also provides Monsanto's international growth priorities and outlook for 2010 in key areas like increasing Roundup Ready soybean penetration in Brazil and expanding cotton traits in India and Argentina.
This document provides an overview of Monsanto's strategy and financial performance. It discusses how Monsanto is positioned for growth through 2022 by focusing on innovation and expanding its seed and trait portfolio globally. Key points include:
- Monsanto has grown its gross profit and ongoing EPS significantly from 2004-2008 through its seeds and genomics segment, driven by innovative solutions and seed share gains.
- Its seed base and portfolio of patented traits have created unmatched capabilities in major crops like corn, soybeans, and cotton.
- Brands like DEKALB and ASI are gaining share in corn as investment in breeding delivers yield advantages over competitors.
- Triple-stack corn trait penetration exceeded expectations in 2008
- Global trends are changing supply and demand patterns for agriculture worldwide, creating a new dynamic. Growing wealth and populations in Asia are leading to new demands that favor the US as a low-cost corn producer.
- Increasing protein demand over the next decade is expected, as wealth drives increased meat consumption globally. This disproportionately increases demand for grain, with estimates of pounds of grain needed per pound of beef, pork, or chicken produced.
- Emerging countries like China and Brazil are reaching domestic production limits, driving changes in global export markets and advantages for countries like the US, Argentina, and Brazil based on land availability and geographic proximity.
1) The document discusses Carl Casale's presentation at the 19th Annual Chemical Conference on September 20, 2006.
2) It provides an overview of increasing global demand for grain and how this is leading to fundamental shifts favoring corn and soybean production in the US.
3) The presentation outlines how farmers' seed purchasing decisions are driven by maximizing yield potential through high-performing seeds and crop protection traits.
The document discusses Hugh Grant's presentation at the Sanford Bernstein Strategic Decisions Conference on May 28, 2008. It includes forward-looking statements about Monsanto's financial projections and products, along with risks and uncertainties. The presentation then provides an overview of changing global supply and demand dynamics in agriculture and opportunities to optimize corn yields around the world.
Farmers purchase seeds from multiple brands and dealers to diversify their risk. They typically plant 3-4 brands and 5-8 varieties of corn, with 60% selecting germplasm first before choosing biotech traits. Purchases are made from 2-3 dealers in November and December. 38% of the corn is the latest top-yielding hybrids, with the goal of maximizing yield while minimizing risk through genetic diversity.
The document provides information about accessing venture capital funding from SEAF India Agribusiness Fund for small agribusiness enterprises in India. It outlines the growth opportunities in Indian agriculture and food processing sectors. It then describes SEAF India Agribusiness Fund's focus on investing in food value chain companies and criteria for evaluating potential investments. Finally, it discusses the typical process an entrepreneur would go through to approach SEAF for funding, including understanding capital needs, preparing a pitch, undergoing due diligence, and collaborating post-investment.
1) Monsanto has opportunities to grow its market share and gross profit in key international corn markets like France, Italy, Hungary, Turkey, South Africa, Mexico, and India.
2) The value per acre varies by country, with France, Italy, Hungary, and Mexico representing medium-to-high value opportunities.
3) Monsanto aims to expand its hybrid corn market share in each of the largest corn-growing countries through molecular breeding applications and biotech traits.
Seminis is focused on developing new vegetable seed products, particularly in high-value crops like tomatoes, peppers, cucumbers, and melons. One key product is a raised head broccoli variety that enables mechanical harvesting, which can significantly reduce labor costs compared to traditional broccoli harvesting. Seminis is developing commercial raised head broccoli varieties and testing prototypes to prepare for product launches targeting major markets like the U.S., U.K., and Spain. The new variety is expected to bring the cost of harvesting into the value of the seed.
Major constraints of wheat production in Africa - A case study of ZambiaCIMMYT
1. Wheat production in Zambia faces major constraints including high production costs, lack of suitable wheat varieties for rainfed areas, price variations, poor infrastructure, and high interest rates on agriculture loans.
2. A study identified the highest challenge as the high cost of wheat production in Zambia, which makes wheat uncompetitive on the international market. Other challenges included limited access to markets and disease-resistant varieties for rainfed conditions.
3. The study recommends measures like reducing taxes on wheat products and equipment, improving infrastructure like roads and storage, increasing funding for research and extension, and lowering interest rates to improve the viability of wheat production in Zambia.
This document provides an overview and summary from Carl Casale, Executive Vice President of Monsanto, at the UBS Best of Americas Conference on September 20, 2007. It discusses trends in global agricultural production, Monsanto's opportunities to maximize growth, developments in U.S. corn and cotton markets, and the potential for expansion of biotech traits internationally. Key points include rapid adoption of biotech traits creating increased opportunities, a new 8-gene corn product in development, and significant room for growth in markets outside the U.S.
The document discusses Monsanto's R&D pipeline and future product opportunities. Key points include: 1) Development of a drought tolerant corn product that has shown yield improvements of up to 12 bushels per acre in water stressed conditions. 2) The drought tolerant corn is currently in field testing and represents a large market opportunity in the U.S., Brazil, Argentina, and Europe. 3) Monsanto's pipeline also includes new biotech traits for soybeans and cotton that could lead to 3-trait stacks by the mid to late next decade.
This report summarizes the global meat market and opportunities for Pakistani meat exporters. The global red meat trade has grown significantly, though Pakistan's exports are low at 30,000 tonnes annually. Key target markets identified are Iran, Saudi Arabia, UAE, and Malaysia due to growing demand, import reliance, and Pakistan's competitive advantages in production costs and shipping times. Pakistan has large livestock populations and the potential to be a major meat exporter.
This document discusses the origins and development of cocoa cultivation in Malaysia over three phases from the 1880s to present day. It began as an experimental crop but expanded in the mid-20th century due to government policies promoting economic diversification. Cocoa cultivation increased further in the late 1960s and 1970s in response to high prices and development plans to involve smallholders and address poverty. The document also provides details on the cocoa tree and environmental requirements for cultivation.
Sl oil palm investment opportunity 150210 [compatibility mode]Francis George
The document provides an overview of investment opportunities in the oil palm sector in Sierra Leone. It highlights Sierra Leone's suitable agro-climatic conditions for oil palm cultivation including high rainfall and temperatures. The global and local demand for palm oil is growing significantly while major producers are facing constraints to expand production. Sierra Leone has ample available land and incentives for investors to develop oil palm plantations. The government supports promoting palm oil and other agribusiness investments to drive economic development.
Mike Bushell - Threats to Food Security and Food Chain Livelihoods from Weeds...Global Risk Forum GRFDavos
Global population growth and changes in diets are increasing demand for food. Weeds, pests and diseases cause major crop losses and threaten food security. Crop protection products have helped increase yields and meet rising demand, but new issues are emerging. Integrated approaches including chemicals, cultural practices and biological controls are needed to sustainably intensify agriculture and ensure adequate, safe and nutritious food supplies.
Mafm the case for investing in dairy (2011)Joanna T.
This document discusses the demand and supply dynamics of the global dairy market. On the demand side, consumption is growing rapidly in emerging economies as incomes rise and diets shift towards higher protein options. Urbanization is also fueling demand as distribution and access to dairy products expands. While demand has been flat in developed nations, recovery is expected. Key growth regions are East and Southeast Asia as well as South America. Per capita consumption in these areas remains well below global averages, indicating further upside potential. Health benefits of dairy are also supporting consumption trends.
This document summarizes a presentation on confronting high food prices. It discusses how food prices have risen to unusual levels due to factors like increasing incomes, biofuels production, slowing agricultural growth, and speculation. This has negatively impacted the poor. While globalization and reduced distortions have helped in the past, rising protectionism in response to high prices threatens to undermine trade and harm consumers. The presentation argues for new institutional arrangements to better handle food price volatility and its effects.
Brett Begeman, Executive Vice President of International Commercial at Citigroup Investment Research, presented at the 16th Annual Investment Conference on December 7, 2005. The presentation included forward-looking statements and defined non-GAAP financial measures. It provided an overview of Monsanto's two-step strategy to grow its current portfolio globally and lead through innovation. Monsanto sources the world's corn and soy needs, and acceleration in seeds and traits is driving commercial gross profit evolution.
Food Prices and Food Security: Overview of
Existing Data and Policy Tools and Identification of Gaps
Presented by Maximo Torero at the AGRODEP Workshop on Analytical Tools for Food Prices
and Price Volatility
June 6-7, 2011 • Dakar, Senegal
For more information on the workshop or to see the latest version of this presentation visit: http://www.agrodep.org/first-annual-workshop
The document provides a summary of global grain and feed markets in November-December 2011. Key points include:
- Grain prices have fallen sharply in recent weeks due to growing supplies and economic recession fears dampening demand. Wheat and maize prices are around 25% below 2012 peaks.
- Large crops from Ukraine, Kazakhstan, and Russia have increased world wheat supplies and driven down prices through aggressive exports undercutting other suppliers.
- Global wheat output is projected to be around 685 million tonnes for the 2011/12 season, well above consumption, increasing stocks.
- Maize prices have also declined on expectations of larger US plantings and Latin American soybean crops filling demand. However, uncertainty remains around weather and
Terry Crews, CFO of Monsanto, outlined financial targets for 2006-2007 focusing on accelerated growth from seeds and traits. Key targets included 20% EPS growth each year, free cash flow of $825-900M in 2006 and $875-950M in 2007, and increased seeds and traits gross profit reaching $2.3B in 2006 and $2.6B in 2007. Consistency and discipline driving growth in the current portfolio, expanding globally, and progressing the pipeline would remain cornerstones of Monsanto's strategy.
This document provides an overview of Monsanto's strategy and financial performance. It discusses how Monsanto is positioned for growth through 2022 by focusing on innovation and expanding its seed and trait portfolio globally. Key points include:
- Monsanto has grown its gross profit and ongoing EPS significantly from 2004-2008 through its seeds and genomics segment, driven by innovative solutions and seed share gains.
- Its seed base and portfolio of patented traits have created unmatched capabilities in major crops like corn, soybeans, and cotton.
- Brands like DEKALB and ASI are gaining share in corn as investment in breeding delivers yield advantages over competitors.
- Triple-stack corn trait penetration exceeded expectations in 2008
Agriculture Sector in India, Indian Agriculture IndustryBruce Clay India
Indian agriculture is on a long-term growth path. The country is the second-largest producer of food in the world and holds the potential of being the biggest on global food and agriculture canvas, according to a Corporate Catalyst India (CCI) survey.
Agriculture sector in India contributes 16% of GDP & 10% of export earnings. Agricultural Development in India has led to exports of agricultural products worth US$ 22 Billion by 2014. More statistics here.
Seminis is focused on developing new vegetable seed products, particularly in high-value crops like tomatoes, peppers, cucumbers, and melons. One key product is a raised head broccoli variety that enables mechanical harvesting, which can significantly reduce labor costs compared to traditional broccoli harvesting. Seminis is developing commercial raised head broccoli varieties and testing prototypes to prepare for product launches targeting major markets like the U.S., U.K., and Spain. The new variety is expected to bring the cost of harvesting into the value of the seed.
Major constraints of wheat production in Africa - A case study of ZambiaCIMMYT
1. Wheat production in Zambia faces major constraints including high production costs, lack of suitable wheat varieties for rainfed areas, price variations, poor infrastructure, and high interest rates on agriculture loans.
2. A study identified the highest challenge as the high cost of wheat production in Zambia, which makes wheat uncompetitive on the international market. Other challenges included limited access to markets and disease-resistant varieties for rainfed conditions.
3. The study recommends measures like reducing taxes on wheat products and equipment, improving infrastructure like roads and storage, increasing funding for research and extension, and lowering interest rates to improve the viability of wheat production in Zambia.
This document provides an overview and summary from Carl Casale, Executive Vice President of Monsanto, at the UBS Best of Americas Conference on September 20, 2007. It discusses trends in global agricultural production, Monsanto's opportunities to maximize growth, developments in U.S. corn and cotton markets, and the potential for expansion of biotech traits internationally. Key points include rapid adoption of biotech traits creating increased opportunities, a new 8-gene corn product in development, and significant room for growth in markets outside the U.S.
The document discusses Monsanto's R&D pipeline and future product opportunities. Key points include: 1) Development of a drought tolerant corn product that has shown yield improvements of up to 12 bushels per acre in water stressed conditions. 2) The drought tolerant corn is currently in field testing and represents a large market opportunity in the U.S., Brazil, Argentina, and Europe. 3) Monsanto's pipeline also includes new biotech traits for soybeans and cotton that could lead to 3-trait stacks by the mid to late next decade.
This report summarizes the global meat market and opportunities for Pakistani meat exporters. The global red meat trade has grown significantly, though Pakistan's exports are low at 30,000 tonnes annually. Key target markets identified are Iran, Saudi Arabia, UAE, and Malaysia due to growing demand, import reliance, and Pakistan's competitive advantages in production costs and shipping times. Pakistan has large livestock populations and the potential to be a major meat exporter.
This document discusses the origins and development of cocoa cultivation in Malaysia over three phases from the 1880s to present day. It began as an experimental crop but expanded in the mid-20th century due to government policies promoting economic diversification. Cocoa cultivation increased further in the late 1960s and 1970s in response to high prices and development plans to involve smallholders and address poverty. The document also provides details on the cocoa tree and environmental requirements for cultivation.
Sl oil palm investment opportunity 150210 [compatibility mode]Francis George
The document provides an overview of investment opportunities in the oil palm sector in Sierra Leone. It highlights Sierra Leone's suitable agro-climatic conditions for oil palm cultivation including high rainfall and temperatures. The global and local demand for palm oil is growing significantly while major producers are facing constraints to expand production. Sierra Leone has ample available land and incentives for investors to develop oil palm plantations. The government supports promoting palm oil and other agribusiness investments to drive economic development.
Mike Bushell - Threats to Food Security and Food Chain Livelihoods from Weeds...Global Risk Forum GRFDavos
Global population growth and changes in diets are increasing demand for food. Weeds, pests and diseases cause major crop losses and threaten food security. Crop protection products have helped increase yields and meet rising demand, but new issues are emerging. Integrated approaches including chemicals, cultural practices and biological controls are needed to sustainably intensify agriculture and ensure adequate, safe and nutritious food supplies.
Mafm the case for investing in dairy (2011)Joanna T.
This document discusses the demand and supply dynamics of the global dairy market. On the demand side, consumption is growing rapidly in emerging economies as incomes rise and diets shift towards higher protein options. Urbanization is also fueling demand as distribution and access to dairy products expands. While demand has been flat in developed nations, recovery is expected. Key growth regions are East and Southeast Asia as well as South America. Per capita consumption in these areas remains well below global averages, indicating further upside potential. Health benefits of dairy are also supporting consumption trends.
This document summarizes a presentation on confronting high food prices. It discusses how food prices have risen to unusual levels due to factors like increasing incomes, biofuels production, slowing agricultural growth, and speculation. This has negatively impacted the poor. While globalization and reduced distortions have helped in the past, rising protectionism in response to high prices threatens to undermine trade and harm consumers. The presentation argues for new institutional arrangements to better handle food price volatility and its effects.
Brett Begeman, Executive Vice President of International Commercial at Citigroup Investment Research, presented at the 16th Annual Investment Conference on December 7, 2005. The presentation included forward-looking statements and defined non-GAAP financial measures. It provided an overview of Monsanto's two-step strategy to grow its current portfolio globally and lead through innovation. Monsanto sources the world's corn and soy needs, and acceleration in seeds and traits is driving commercial gross profit evolution.
Food Prices and Food Security: Overview of
Existing Data and Policy Tools and Identification of Gaps
Presented by Maximo Torero at the AGRODEP Workshop on Analytical Tools for Food Prices
and Price Volatility
June 6-7, 2011 • Dakar, Senegal
For more information on the workshop or to see the latest version of this presentation visit: http://www.agrodep.org/first-annual-workshop
The document provides a summary of global grain and feed markets in November-December 2011. Key points include:
- Grain prices have fallen sharply in recent weeks due to growing supplies and economic recession fears dampening demand. Wheat and maize prices are around 25% below 2012 peaks.
- Large crops from Ukraine, Kazakhstan, and Russia have increased world wheat supplies and driven down prices through aggressive exports undercutting other suppliers.
- Global wheat output is projected to be around 685 million tonnes for the 2011/12 season, well above consumption, increasing stocks.
- Maize prices have also declined on expectations of larger US plantings and Latin American soybean crops filling demand. However, uncertainty remains around weather and
Terry Crews, CFO of Monsanto, outlined financial targets for 2006-2007 focusing on accelerated growth from seeds and traits. Key targets included 20% EPS growth each year, free cash flow of $825-900M in 2006 and $875-950M in 2007, and increased seeds and traits gross profit reaching $2.3B in 2006 and $2.6B in 2007. Consistency and discipline driving growth in the current portfolio, expanding globally, and progressing the pipeline would remain cornerstones of Monsanto's strategy.
This document provides an overview of Monsanto's strategy and financial performance. It discusses how Monsanto is positioned for growth through 2022 by focusing on innovation and expanding its seed and trait portfolio globally. Key points include:
- Monsanto has grown its gross profit and ongoing EPS significantly from 2004-2008 through its seeds and genomics segment, driven by innovative solutions and seed share gains.
- Its seed base and portfolio of patented traits have created unmatched capabilities in major crops like corn, soybeans, and cotton.
- Brands like DEKALB and ASI are gaining share in corn as investment in breeding delivers yield advantages over competitors.
- Triple-stack corn trait penetration exceeded expectations in 2008
Agriculture Sector in India, Indian Agriculture IndustryBruce Clay India
Indian agriculture is on a long-term growth path. The country is the second-largest producer of food in the world and holds the potential of being the biggest on global food and agriculture canvas, according to a Corporate Catalyst India (CCI) survey.
Agriculture sector in India contributes 16% of GDP & 10% of export earnings. Agricultural Development in India has led to exports of agricultural products worth US$ 22 Billion by 2014. More statistics here.
This document discusses trends in the agricultural industry and Monsanto's strategies to address them. It notes that demand for corn will remain strong but nitrogen costs are rising, so Monsanto aims to develop nitrogen-efficient corn to reduce farmer costs. For soybeans, it aims to develop new traits as production shifts to higher-value segments to meet demands for yield and oil content. For cotton, boosting yields is key as production moves to higher-value markets. Monsanto seeks drought-tolerant and water-efficient traits to address water usage challenges across crops.
1) Monsanto's two-step strategy through 2010 aims to first grow its current seed and trait portfolio globally and then lead through innovation and in increasingly competitive markets.
2) Key opportunities for growth include expanding corn market share in Europe, India, and Argentina through global breeding programs and channel strategies tailored for each market.
3) Continued adoption of second-generation stacked traits in major crops and markets like India, Australia, and Brazil will drive additional value and market expansion through the end of the decade.
This document outlines an agenda for a joint meeting between BASF and Monsanto on collaboration efforts around increasing crop yields and stress tolerance. The agenda includes presentations on current collaboration projects between the companies, workshops on pipeline valuation, and discussions on identifying genes that can increase yields. The collaboration aims to develop traits for corn, soybeans, cotton and canola that improve stress tolerance and yields through a joint research pipeline and commercialization through Monsanto's channels. Key updates provided include over 90 lead genes identified through the collaboration and over 12 million data points collected from field tests of yield and stress events.
This document discusses opportunities for increasing global food and agricultural production through investment. It notes that food demand is projected to increase 70% by 2050 due to population and income growth. However, land and water resources are scarce. There are high potential gaps between current production levels and capacity in regions like Latin America, the Black Sea Region, and Africa due to favorable natural conditions. The document promotes increasing agricultural investment to $83 billion annually by 2050, a 50% rise from the past decade's average, to boost output and meet rising demand. It provides examples of IFC investment and advisory programs in Ukraine to improve access to finance, production efficiencies, and supply chain development in the agricultural sector.
"The food processing market in India has been developing over the years and is estimated to continue to grow strongly. The growing middle-class and rising disposable income coupled with major government initiatives is expected to lead to further growth. Domestic and international players have been constantly expanding operations in line with the strong opportunities in this market.
The report begins with an overview of the food processing market including figures for the market size, growth and the market penetration of various segments. Each segment in the industry has been discussed. Information regarding the current scenario as well as the future growth prospects for each segment has been provided.
The drivers and challenges explain the factors influencing growth of the industry including the increasing consumer spend on processed foods, competitive edge in food processing, government support, growth in food processing exports, adoption of contract farming, increasing food retailing in India and the growth in terminal markets. The key challenges identified encompass the lack of integrated supply chain and scale of operations, limited use of technology in food processing, low level of penetration in domestic market and high taxes on branded agricultural products. Key government regulations have been highlighted which will lead to further growth.
Competition section provides a summary of the competitive scenario including the segmented market share. It also includes a brief profile of the major players in the market. "
This document discusses several challenges facing global agriculture between now and 2050, including population growth, decreasing arable land, climate change, and declining productivity. It notes increasing demand for food will need to be met with decreasing resources. Charts show rising population and declining wheat production area. The document calls for increased productivity and profitability through improved practices, technologies, and policies to help ensure sustainable and competitive agriculture can meet future needs.
The document provides an overview of Monsanto's European Key Investor Tour scheduled from November 3-7, 2008. It includes forward-looking statements about anticipated financial results and business plans. It also notes trademarks owned by Monsanto and its subsidiaries. The strategic outlook section discusses factors driving continued global demand for corn and soybeans. It outlines Monsanto's goal of doubling crop yields by 2030 through innovation to meet this demand and ensure the company's competitive advantage. Financial projections through 2012 indicate growth in seeds and traits gross profit, driven by corn and soybean seed and traits. The document also reviews Monsanto's strategic focus on seed platforms, expansion of biotech traits, and cash usage primarily for acquisitions and technology
The Future of Wheat Production in Uganda: Challenges and ProspectsCIMMYT
Wheat production in Uganda faces many challenges including poor production technologies, low yielding varieties, high labor requirements, climate variability, ecosystem degradation, competing land uses, emerging pests and diseases, weeds, and issues around water availability, greenhouse gas emissions, and changing social habits. However, prospects for wheat production include renewed interest from farmers, conducive climate, higher demand than supply, guaranteed prices, introduction of improved technologies, supportive policies, and potential for increased urbanization and wheat product consumption. The way forward involves providing market incentives, developing marginal lands, disseminating adapted high-yielding varieties, and exploiting the region's skilled labor force.
Mc kinsey on cooperatives five trends and their implications for agricultur...InformaEuropa
The document discusses five key trends that will shape the agriculture sector over the next decade: 1) meeting growing demand through increased productivity; 2) governments prioritizing food agendas around safety, quality and security; 3) new farm technologies and markets digitizing and automating operations; 4) consumer demand transforming value chains from supply-driven to demand-driven; and 5) farm consolidation requiring evolved management skills. It raises five questions for agricultural cooperatives around member alignment, growth opportunities, capabilities, demand coordination, and regulatory preparation. Productivity will be crucial to meet demand as developing new land is difficult and yield improvements have declined, requiring solutions adapted to regional circumstances.
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with almost $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios. Agcapita publishes a monthly Agriculture Brief which deals with agriculture specific investment issues along with big picture macro-economic issues.
Did you know that Argentina is the fifth largest producer of biofuels in the world?
This publication will help you understand the Biofuels industry in Argentina, a growing economic sector in the country. It´s competitive advantage is based on abundant and high-quality natural resources, qualified human resources and existing industrial capacity.
This document was produced by ProsperAr, Argentina´s Investment Development Agency.
If you need further assistance contact us at info@prosperar.gov.ar or use our website www.prosperar.gov.ar.
Monsanto announced the acquisition of Seminis, a leading global vegetable and fruit seed company, for $1.4 billion plus a performance-based payment of up to $125 million. The acquisition supports Monsanto's strategy of shifting from crop chemicals to seeds and traits. It provides Monsanto with a ready-made leading position in the high-growth vegetable seed segment. The deal is expected to be accretive to earnings and free cash flow in fiscal year 2006 and close in the third quarter of fiscal year 2005 pending regulatory approvals.
10. Corporate agriculture farming (caf) A Presentation By Mr. Allah Dad Khan...Mr.Allah Dad Khan
Corporate agriculture farming (CAF) describes large-scale industrialized farming run by mega-corporations. According to the Pakistani government, CAF aims to increase efficiency, incomes, and competitiveness through technology and expertise. However, others argue CAF primarily benefits large companies and poses risks to small farmers and food security. The document provides recommendations for Pakistan to develop agriculture through alternative policies that support small farmers rather than large corporate control of the sector.
Escalating production costs and risks, uncertain premiums, growing workload pressures and attractive feed prices are all serving to undermine the confidence of even the most historically committed of UK milling wheat growers. To such an extent that a fresh industry-wide approach to quality wheat will be essential if sufficient domestic production is to be maintained.
1) Monsanto's strategy is to double crop yields by 2030 through innovation to meet growing global demand.
2) Monsanto aims to more than double its seeds and traits platform gross profit by 2012 by focusing on corn, soybean, and cotton seeds and traits.
3) Monsanto's growth strategy has two steps - first establish seed footprint through breeding, then layer on additional value through biotech traits.
Long term projections for Potash demand are stable and likely to moderately increase year-over-year. The quantity of high-quality arable land is decreasing. Human population is expected to increase by 3 Billion people in the next 37 years. There are no precise substitutes for potash. It is proven to considerably increase yield quantity and quality on almost all crops. The cumulative effects of the above factors will drive demand.
This document discusses the sustainability of corn and soybean production. It suggests that corn and soybean production in some areas does not appear environmentally, economically, or socially sustainable in its current form. To improve sustainability, the document recommends diversifying crop rotations, using perennial crops, adopting regenerative farming practices, and exploring niche marketing opportunities for specialty crops. Two farmers are profiled who have implemented more sustainable approaches to growing corn and soybeans.
This document provides an overview and highlights of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the last 12 months including the Telewest merger and Virgin Mobile acquisition. The fourth quarter saw revenue growth across all segments, strong net additions, and continued ARPU and customer care improvements. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
This document provides an overview of Virgin Media's performance in the fourth quarter of 2006. It discusses the company's achievements over the past year including the Telewest merger and Virgin Mobile acquisition. The highlights of Q4 2006 include revenue growth across all segments, strong broadband and TV subscriber additions, and increased triple play penetration. Priorities for 2007 include delivering on the new Virgin brand, targeting competitor customers, driving efficiency and improving customer care.
Virgin Media reported its financial results for the first quarter of 2007. Key highlights include:
1) Strong growth in broadband, TV and mobile contract customers due to compelling offers and marketing campaigns promoting bundled services. However, fixed line customers continued to decline due to increased competition.
2) ARPU was slightly down due to lower fixed line usage, but triple play penetration and Old NTL ARPU increased, pointing to continued ARPU growth.
3) Customer churn improved to 1.6% due to more rigorous credit policies and efficient sales channels, while Sky basics had a minimal impact in Q1.
4) Mobile contract growth remained strong through cable cross-sell, while pre-pay declined season
This document summarizes Virgin Media's performance in the first quarter of 2007. It discusses Virgin Media's progress on key priorities such as brand strength, targeting competitors, cable integration, and cross-sell opportunities. Financial metrics like revenue, customer additions and disconnects, and ARPU are also reviewed. Challenges from increased competition and the impact of Sky's new "Basics" package are addressed.
This document provides a summary of Virgin Media's financial performance in the second quarter of 2007. It discusses declines in revenue due to customer churn related to the loss of Sky basics channels, but notes improving trends in areas like TV and broadband. Key points highlighted include strong growth in video on demand usage, successful bundling of products, expansion of high speed broadband services, and continued strength in the mobile business. The summary also previews upcoming content initiatives and their potential to further drive customer growth and engagement.
This document summarizes Virgin Media's financial performance in the second quarter of 2007. Key points include: losses of Sky basic channels impacted customer churn but TV performance was better than expected; strong mobile contract sales and bundling of products continued; and while ARPU was affected by retention activities, cash flow outlook remains strong. The document provides details on customer additions and disconnects, growth of triple play bundling, and increases in video on demand usage.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It notes significant improvements in customer and revenue growth metrics compared to previous quarters. Revenue was up slightly from the second quarter due to growth in the consumer, business services, content, and mobile segments. Operating cash flow also increased due to lower costs and certain one-time benefits. However, proactive investment in customer growth was also noted as impacting operating cash flow. Net debt remained substantial as of the end of the third quarter.
This document provides a summary of Virgin Media's financial results for the third quarter of 2007. It discusses improvements in customer and revenue growth metrics compared to previous quarters. Specifically, it notes record quarterly gross additions and reduced churn. It also summarizes growth in the company's broadband, TV, telephony, mobile, and business services segments. The document concludes with discussions of operating cash flow, revenue, and net debt levels.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives. He highlighted opportunities in premium TV, basic pay-TV, free DTV and contract mobile. Berkett also outlined Virgin Media's network advantages in speed and reach, and strategies to increase customer value through volume, ARPU and tenure. Mobile was discussed as an important driver of consumer value through cross-selling. Valuable tax assets were also noted.
The document summarizes an UBS media conference by Acting CEO Neil Berkett of Virgin Media on December 5, 2007. Berkett discussed Virgin Media's transformation through integration, re-engineering growth initiatives, and building the platform for growth. He highlighted opportunities in premium TV, basic pay-TV, free DTV, broadband, and mobile services. Berkett also covered Virgin Media's network advantages, content assets, tax assets, and the significant potential asset value of the company's network, consumer base, mobile business, and content.
This document provides a summary of Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF increased slightly compared to last quarter. Capex remained high at 13.7% of revenue to support network upgrades including faster broadband speeds. Revenue declined slightly due to seasonal factors in certain business units.
This document summarizes Virgin Media's financial and operational results for the first quarter of 2008. Key highlights include continued strong growth in broadband and TV customers, record-low cable churn of 1.2%, and stable cable ARPU despite non-recurring benefits in the previous quarter. OCF was £324 million for Q1 2008, up slightly from the previous quarter. Cash capex was £125 million for network upgrades and expansion.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the same period last year.
This document provides a summary of Virgin Media's performance in the second quarter of 2008. It discusses financial results including operating cash flow growth and SG&A reductions. It also reviews operational metrics such as subscriber growth, churn rates, broadband and TV services. Virgin Media saw increased revenue and profitability in Q2 2008 compared to the prior year through lower churn, higher triple-play penetration and a focus on quality customer growth. The company believes its cable network gives it advantages over DSL providers that will increase further after investments are completed.
This document provides a summary of Virgin Media's financial results for the third quarter of 2008. It reports that Virgin Media continued to see growth in key metrics such as on-net customer additions, broadband and TV subscriber growth, and improving triple play penetration. ARPU increased through price increases, cross-selling, and upselling efforts. Mobile contract customer growth was strong through cross-selling to cable customers. Content revenues increased for VMtv but declined for Sit-Up. Overall revenue was flat, while operating cash flow and margins declined slightly compared to last year. Capital expenditures remained high to continue network upgrades and expand service offerings.
This document provides a summary of Virgin Media's financial results for the third quarter of 2008. It reports that Virgin Media continued to see growth in key metrics such as on-net customer additions, broadband and TV subscriber growth, and improving triple play penetration. ARPU increased through price increases, cross-selling, and upselling efforts. Mobile contract customer growth was strong through cross-selling to cable customers. Content revenue increased for VMtv but declined for Sit-Up. Overall revenue was flat, while operating cash flow and margins declined slightly compared to last year. Capital expenditures remained high to continue network investments.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. Key points include plans to: 1) lead in next generation broadband through upgrades to 10Mbps and beyond; 2) lead the on-demand TV revolution through growing video on demand usage and iPlayer views; and 3) leverage mobile as a third screen through bundling mobile services. Virgin Media also aims to build a more efficient customer focused organization through an operational transformation program targeting over £120m in annual cost savings by 2012.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. It aims to lead in next generation broadband, lead the on-demand TV revolution, and leverage mobile as a third screen. Virgin Media has the best broadband economics due to its high market share and lower costs. It is focusing on upgrading customers to higher broadband tiers, growing on-demand TV and video usage, and integrating mobile offerings. The company expects operational transformation to deliver over £120 million in annual cost savings by 2012.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Introductions of the senior management team who will be presenting.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Biographies and photos of Virgin Media's management team, including the CEO and heads of key business units.
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13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
3. OVERVIEW
Market Forces Are Changing Supply-Demand Patterns
Globally, Creating a New Dynamic Across Agriculture
EMERGENCE OF DEMAND-DRIVEN AGRICULTURE: STATE OF AGRICULTURE:
NEW DEMAND AND PRODUCTION TRENDS The New Demand Environment
FACTORS:
Growing wealth
Expanding ethanol ► INCREASING PROTEIN
and population in
and export
DEMAND
Asia creates new
demands favor U.S.
demand for
as low-cost corn Wealth drives meat
imported grain
producer
consumption – changing
feed demand
► ASCENSION OF CHINA
China’s growth is reaching
limits of domestic
production, driving huge
changes in export
environment
Brazil exploits land
Argentina ► ESTABLISHMENT OF
availability advantage
leverages to become BIOFUELS
geographic commodity soy
proximity to Assuming only base-case
producer to meet
supply corn to demand from China adoption of biofuels, more
Latin America
corn and soy needed in next
decade
3
4. OVERVIEW
Feed and Fuel Demand Is Increasing; Only Time-Effective
Solution Is Increasing Productivity Per Acre
STATE OF AGRICULTURE:
STRETCHING SUPPLY – ENDING STOCKS: Monsanto’s Advantages
WORLD SUPPLY AND USE FOR TOTAL GRAINS1
Demand Requires Yield
600 30% MARKET
CUSTOMER
METRIC TONS (IN MILLIONS)
25%
500
Farmers Buy Yield
400 20%
Monsanto is a technology
15%
300
company in an industry
historically starved for
200 10%
breakthrough innovation
5%
100
Innovation:
► Creates new value through
0 0%
breakthrough products
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07
► Creates new markets that
ENDING STOCKS AS A
ENDING STOCKS
didn’t exist before our
PERCENT OF TOTAL USE
products
Annual grain carryover is
Monsanto grows because of
declining – even at a period of
what we do, not what the
historic production levels
commodity cycles do
1. USDA World Agricultural Supply and Demand Estimates
4
5. OVERVIEW
On Track to Double Gross Profit by 2012, Growth Drivers Roll
Out In Balanced, Additive Progression
GROSS PROFIT DRIVERS: • Yield & stress platform
R&D Pipeline DRIVERS:
TIMELINE OF INCREMENTAL IMPACT • Breakthrough platforms
Progression of significant new gross- • Protected culture
Seminis DRIVERS:
• Molecular markers
profit generation from each strategic
driver
• 2nd-gen trait acceleration
Cotton DRIVERS:
• Breeding inroads
• Roundup Ready 2 Yield platform
Soybean DRIVERS:
• Seed share growth
• Seed share growth
International Corn DRIVERS:
• Unlocking trait approvals in LA
• Trait penetration and seed share growth
U.S. Corn DRIVERS:
• SmartStax platform
2008 2009 2010 2011 2012
2012+
2011-2012
2009 2010
U.S. drought-
Delta and Pine
U.S. SmartStax
Roundup Ready 2
MILESTONES
tolerant corn launch
Land U.S.
Yield soybeans corn launch
portfolio
controlled
2012+
Large-scale converted to
commercial release
Stacked trait
second-
Roundup Ready 2
soybean launches,
First major selling Yield soybean generation stack
including dedicated
season for LA corn launch
product for Brazil
traits
Projected branded corn share gains globally
2008 to 2012
6. U.S. CORN
DEKALB Expected to Gain Two-to-Three Share Points and
ASI One-to-Two Share Points in U.S. Corn Seed in 2008
DEKALB AND ASI U.S. CORN SHARE EVOLUTION:
2001-2008F
35%
DEKALB 2012 TARGET RANGE: 28% - 33%
30%
U.S.
GEOGRAPHY:
23% 25% - 26%
Grow footprint 25%
OBJECTIVE:
20%
2008 STATUS
20%
16%
• DEKALB expected to gain
14%
13%
2- 3 points in 2008 for total 15% 12% 10% -
share of 25-to-26 percent in 10% 11%
9%
U.S. market 10%
• ASI expected to gain 1-to-2 5%
4%
share points organically in 5%
2008 season
0%
2012 OUTLOOK
2001 2002 2003 2004 2005 2006 2007 2008F
• DEKALB to grow share
2007
through 2012 by up to 10 2005 DEKALB ends
points cumulatively from Monsanto projects 1-2 2007 with 23%
2007 share of 23 percent point share gains for share,
DEKALB from 2005 through
• Continued organic share achieving
2010 2010 target 3
growth in ASI
years early
7. U.S. CORN
With Added Trait Protection, Strong Growth Opportunity
Remains For U.S. Corn
U.S. CORN TRAIT OPPORTUNITY: 2005-2010F
220 60
U.S. TRIPLE-STACK ACRES
200
U.S. TRAIT ACRES
50
180
(IN MILLIONS)
(IN MILLIONS)
160
40
140
120
30
100
80
20
60
40 10
20
CATALYSTS OF
0 0
2010 TRIPLE STACK
2007 2008F
2005 2006 2007 2008 2010F
Opportunity
GROWTH
Rootworm Control 45-55M
20.8M 26-28M
Channel Triple
Corn Borer Control Penetration
60-70M
42.4M 40-42M
Glyphosate Tolerance DEKALB Supply
80M
57.9M 63-65M
Guarantee
Triple Stack 17.6M 25-27M 45-55M
Yield Insurance
Trait acres reflect the total acres planted with each individual trait. In the case of stacked traits, each absolute
acre will be reflected by two or more trait acres.
Program
Source: “Monsanto Biotechnology Trait Acreage” available through: monsanto.com/investors/
7
8. INTERNATIONAL CORN
DEKALB Expected to Gain Corn Share in Argentina and Hold
Share in Brazil; Retaining Leadership in Both Markets
ARGENTINA BRAZIL
Argentina &
GEOGRAPHY:
Brazil
2007 2008F 2007 2008F
Expand
(06/07 (07/08 (06/07 (07/08
international
OBJECTIVE:
SEASON) SEASON) SEASON) SEASON)
footprint
HYBRID
2008 STATUS
MARKET
8M1 10M1 23M 26M
• Expected to grow 5 share
SIZE
points in a market that is
25 percent larger than in
2007 in Argentina
DEKALB 40% 45% 40% 40%
• DEKALB and Agroeste
SHARE
combined are forecasted
to be flat with 2007 in AVG.
Brazil, delivering on our RETAIL
goal to stabilize share
PRICE FOR
2012 OUTLOOK $23/AC $29/AC $29/AC $34/AC
DEKALB
HYBRID
• Target 1-to-2 share points
CORN
of growth annually
SEED
through 2012
1. Source: KLEFFMANN Marketing Services
9. INTERNATIONAL CORN
Approval of Stacked Corn in Argentina to Accelerate Roundup
Ready Adoption; 30-to-40 Percent Availability Planned for 2009
TRAITED CORN ACRES PLANTED VS. OPPORTUNITY IN ARGENTINA
ROUNDUP READY CORN 2 SMARTSTAX
10 YIELDGARD CORN BORER 9M
Argentina
GEOGRAPHY:
8M
Set the table for 8
7M
M ACRES DOUBLE AND TRIPLE OPPORTUNITY
biotech trait
6M
OBJECTIVE:
ramp outside 6
the U.S.
2008 STATUS 4
• 86 percent of corn borer
control opportunity
2
.8M
penetrated in 2008 season;
Roundup Ready Corn 2
0
relatively untapped
• Approximately 150K acres of
OPPORTUNITY
2007 2008F
double stack planted in first
year of launch
• Seed production for 30-to-40 ROUNDUP READY CORN 2 YIELDGARD CORN BORER - ARGENTINA
percent double-stack traits in
• Growers forced to trade off between insect and weed control prior to approval
2009
of double stack; penetration expected to accelerate much faster than with
2012 OUTLOOK single traits.
• 100 percent of corn acres in Argentina infested with sugarcane corn borer and
• Continue penetration of
corn earworm, making SmartStax an excellent fit for this market
double-stack to create
footprint for SmartStax
10. INTERNATIONAL CORN
Approval Received in Brazil for YieldGard Corn Borer; Limited
Launch Planned for 2009
TRAITED CORN OPPORTUNITY IN BRAZIL
Brazil
GEOGRAPHY:
Set the table for
biotech trait 20 15-20M
OBJECTIVE:
ramp outside
SMARTSTAX
the U.S.
15
M ACRES
2008 STATUS
ROUNDUP READY CORN 2
• Awaiting final hybrid
10
registrations after YIELDGARD CORN BORER
receiving approvals from
both CTNbio and CNBS 5
2012 OUTLOOK
0
• First-generation corn
traits launched to create
OPPORTUNITY
2008
footprint for SmartStax
REGULATORY APPROVAL PROCESS IN BRAZIL
• First step consists of approval from CTNBio, Brazil’s biosafety
commission, which is managed by the Ministry of Science and
Technology to make science-based technical assessments
• CTNBio approval may be followed by a review from the National
Biosafety Council (CNBS) to examine social and economic factors
• Hybrid registrations required before commercial launch
11. SOYBEANS
Asgrow Soybean Share Expected to Increase in Expanded
Market in 2008
U.S. SOYBEAN BRANDED AND LICENSED SEED SHARE
100%
U.S. SOYBEAN SEED MARKET SHARE
90% CORN STATES
ASI
ASGROW
LICENSEES
80%
70%
(PERCENTAGE)
60%
50%
40%
30%
20%
10%
0%
2004 2005 2006 2007 2012
TARGET
12. SOYBEANS
Roundup Ready Soybeans in Brazil Mirroring U.S.
Penetration Curve, Creating Future Footprint for Growth
Soybeans
CROP:
ROUNDUP READY SOYBEANS:
Grow Roundup
PENETRATION AS PERCENT OF OPPORTUNITY
Ready
penetration in
Brazil to create 120%
OBJECTIVE:
platform for
100%
Roundup
Ready 2 Yield
soybeans 80%
2008 STATUS
60% 55% penetration in
Brazil consistent with
• Brazil Roundup Ready U.S. trend in year five
40%
soybean penetration
expected to be 55 percent
20%
of opportunity
0%
2012 OUTLOOK
• Potential to penetrate 95
6
7
8
9
0
1
2
3
4
5
6
7
8F
'9
'9
'9
'9
'0
'0
'0
'0
'0
'0
'0
'0
'0
percent of Brazilian acres U.S. Roundup Ready soybeans
U.S. Roundup Ready soybeans
at peak, establishing
Brazil Roundup Ready soybeans
Brazil Roundup Ready soybeans
footprint for transition to
insect-protected Roundup
Ready 2 Yield soybeans
13. COTTON
U.S. Cotton in Transition in 2008; Plans in Place to Deliver
Gross Profit Growth Toward the End of the Decade
Cotton
CROP:
DELTA AND PINE LAND VALUE CREATION
Increase
STAGED OPPORTUNITIES FOR INCREASING BUSINESS VALUE
penetration of
second
OBJECTIVE:
generation
New
double stack Traits
2008 STATUS
Molecular
• U.S. cotton acres
Breeding
VALUE CREATION OPPORTUNITY
expected to decline to
less than 9.5M1 acres Trait Increased production of
second-generation double stack
• Availability of second Acceleration
generation traits in the
International Opportunity to grow international cotton seed and
U.S. established prior to trait business with complementary geographies
Markets
acquisition, limiting 2008
growth Initial
Expanded global seed market share
2012 OUTLOOK Germplasm Value
• Delta and Pine Land’s Trait Royalty D&PL traits previously split 70/30 to Monsanto;
portfolio fully converted now accrue 100 percent to Monsanto
Conversion
to second-generation
FY2009 FY2010+
traits in all U.S. segments FY2007 FY2008
JUNE 2007
D&PL acquisition
1. U.S. acres planted estimated per the National Cotton Council
14. R & D PIPELINE
Entire Monsanto Pipeline Is Targeted Toward Meeting
Emerging Trends Over Next Decade
BIOTECH TRAIT PIPELINE: JANUARY 2008 UPDATE
PHASE PHASE PHASE PHASE
PHASE PHASE PHASE PHASE
D
D 1 2 3 4
1 2 3 4
AGRONOMIC TRAITS
YIELD AND STRESS PIPELINE
ROUNDUP READY 2 YIELD SOYBEANS
DROUGHT-TOLERANT CORN
FAMILY
YIELDGARD VT PRO
2ND-GEN YIELDGARD CORN BORER
DROUGHT-TOLERANT CORN
SMARTSTAX CORN
2ND-GEN DROUGHT-TOLERANT CORN
DICAMBA-TOLERANT SOYBEANS
NITROGEN-UTILIZATION CORN
FAMILY INSECT-PROTECTED + ROUNDUP
READY 2 YIELD SOYBEANS
NITROGEN-UTILIZATION CORN
BOLLGARD III
BROAD-ACRE HIGHER-YIELDING
CORN FAMILY SOYBEAN NEMATODE-RESISTANCE
HIGHER-YIELDING CORN SOYBEAN DISEASE
BROAD-ACRE HIGHER-YIELDING DICAMBA-TOLERANT COTTON
SOYBEAN FAMILY
COTTON LYGUS CONTROL
HIGHER-YIELDING SOYBEANS
YIELDGARD ROOTWORM III
2ND-GEN HIGHER-YIELDING
SOYBEANS
VALUE-ADDED TRAITS
DROUGHT-TOLERANT COTTON
FAMILY
DROUGHT-TOLERANT COTTON EXTRAX™ CORN PROCESSING
SYSTEM + MAVERA™ HIGH-VALUE
CORN WITH LYSINE2
BROAD-ACRE HIGHER-YIELDING
CANOLA FAMILY
HIGH-OIL SOYBEANS
HIGHER-YIELDING + ROUNDUP
READY 2 YIELD CANOLA1 2ND-GEN HIGH-OIL SOYBEANS
OMEGA-3 ENRICHED SOYBEANS
VISTIVE III SOYBEANS
High Impact Technologies (HIT) project
HIGH-STEARATE SOYBEANS
Jan. 3, 2008 Advancements/Additions (VIA BIOTECH)
The colored bar associated with each project indicates which phase that project is in. It is HIGH-OIL CORN
not intended to represent the relative status of the project within a particular stage.
1. For higher-yielding + Roundup Ready 2 Yield canola, only the value of the higher-yielding trait is incorporated into the Yield and Stress collaboration with BASF
2. Value of licensing the EXTRAX™ technology is shared with Cargill as a part of Renessen joint venture
15. R & D PIPELINE
Japan Export Approval for Roundup Ready 2 Yield Received;
On Track for 2009 Controlled Commercial Release
ROUNDUP READY 2 YIELD SOYBEANS:
Soybeans
CROP:
LAUNCH PLANS
Launch
OBJECTIVE: U.S. Full-Scale
Roundup
Launch Target:
Ready 2 Yield
P R O JE CT
5- 6M Acres
2008 STATUS
U.S. Controlled
• Consistent 7-to-11percent Commercial
yield advantage with Release Target:
Roundup Ready 2 Yield 1- 2M Acres
• U.S., Canadian and
Grower level marketing, awareness and trial
Japanese approvals
received; awaiting key
Licensee breeding
export approvals from
China, Mexico and Europe Industry coordination and communications
• Pre-launch activities • American Soybean Association and key agri-food
under way stakeholders
PRICING
Pursuit of export approvals in China, Europe and
• Yield improvement shared Mexico – JAPAN RECEIVED
with grower; average 5-
Branded and licensed seed production
year soybean commodity
2007 2008 2009 2010
price approximately $6.40
per bushel1
1. Source: NASS, USDA data 2003 to August 2007
16. R & D PIPELINE
With Roundup Ready 2 Yield Soybeans, Yield Also Becomes
Focus of Next Wave of Commercial Products
ROUNDUP READY 2 YIELD SOYBEANS: STATE OF AGRICULTURE:
SECOND-GENERATION WEED CONTROL FIELD RESULTS
A New Soybean Platform
Near-Isoline Comparisons:
Roundup Ready 2 Yield vs. Roundup Ready
% Yield Increase over Roundup Ready
12%
HIGHER-YIELDING
DICAMBA-TOLERANT
11%
10%
9% VISTIVE III
ROUNDUP READY 2 YIELD
9%
8%
7% 7%
6% ► Roundup Ready 2 Yield
becomes the platform for
4% soybean traits
► Three soybean pipeline
2%
traits advanced to Phase 3
commercial development in
0%
recent R&D update
4 YEAR
2004 2005 2006 2007 AVERAGE ► Insect-protected Roundup
Ready 2 Yield soybeans first
Roundup Ready 2 Yield soybeans yield 7 to 11 percent
platform developed solely
higher than Roundup Ready soybeans based on 73
for an international market
Monsanto field trials from 2004-2007
16
17. R & D PIPELINE
Like Roundup Ready 2 Yield Soybeans, SmartStax Corn
Resets Trait Platform for Corn
SmartStax Value: On-Farm Commercial Preparation: Field Data Generation
+ Increased Yield (per-acre and on-farm) YEAR 1 YEAR 2 YEAR 3 FORWARD
YIELD
YIELD COMPONENT 2006 2008+
BENEFIT1
Focus: Focus: SmartStax
PER-ACRE
Feasibility of full bred into elite
Improved consistency: 1-2% trait integration germplasm; yield
Primary pests data generation
Improved protection: 1-2%
Secondary pests Field Testing: 2007
ON-FARM Testing focused on trait
performance, such as
Reduced refuge 3-6%
consistency of control of
Flexibility to move to one technology targeted pests
+
platform on-farm
Initial 2007 Results
+ Durability
• Indicates superior
Flexibility to increase planting
rootworm consistency
+
populations
versus triple-stack
+ Platform for future traits standard
TRIALS: 56
• Good control of
+ Access to superior seed
STATES: 12 secondary pests
Total SmartStax Value
=
1. Yield benefit reflects expected yield benefit above triple-stack standard, on a
per-acre and whole-farm basis as noted. Ranges may overlap
17
18. R & D PIPELINE
Projects Like Nitrogen-Utilization Corn Are Positioned to Drive
Yield and Meet Demand In New Environment
PER-ACRE NITROGEN COST STATE OF AGRICULTURE:
FOR CORN PRODUCTION, IN ILLINOIS: 1990-20071 Breakthroughs in Nitrogen-Use Research
Under normal nitrogen conditions, lead Nitrogen-
$80
Utilization trait has demonstrated yield advantages
$75
in multiple backgrounds over multiple years
$70
12
*
Yield Increase (bu/Ac)
$65
** ***
*
10
$60 8
6
$55
4
2
$50
0
$45
-2 TRIALS IN
TRIALS IN
1990 1992 1994 1996 1998 2000 2002 2004 2006
MULTIPLE
MULTIPLE
HYBRID
HYBRID
Nitrogen accounts for approximately one-fifth of BACKGROUNDS
BACKGROUNDS
the operating costs for a corn producer2 (15 LOC)
(16 LOC)
Nitrogen-Utilization corn offers the potential to
bring the value of nitrogen into the seed: 2005 2006 2007
• Reducing farmers’ exposure to nitrogen
*
price volatility Statistically significant @ p≤0.10
• Boosting yield Bar color correlates with the specific hybrid background tested.
• Improving ease of use, flexibility Same bar color in different tests and different years indicates same
hybrid was used.
All trials conducted under sufficient nitrogen application levels.
1. Illinois Farm Business Farm Management
2. USDA
18
19. SUMMARY
Given Growth Opportunities, Monsanto Has Potential to
Double Gross Profit Over the Next Five Years
2012 GROWTH RANGE
MONSANTO GROSS PROFIT
GROWTH TARGET Gross profit targeted to double
from 2007 through 2012
$9,000
STRATEGIC PLAYBOOK
$8,000
All growth is organic, from
$7,000 base business and pipeline
GROSS PROFIT
(IN MILLIONS)
U.S. Corn
$6,000
International Corn
$5,000 Soybeans
Cotton
$4,000
Seminis
R&D Pipeline
$3,000
Acquisitions to be pursued,
$2,000
but are not included in this
$1,000 growth projection
$0 Earnings continue to translate
into operating cash, and value
2004 2007 2012
MILESTONES
created for shareowners
2010
2007 through combination of
Gross margin
Base Gross Profit: acquisitions, share
target: 52-54%
$4,286M repurchases and dividends
ONGOING EPS GROWTH:
MID-TO-HIGH TEENS