DuPont Seed Business Gains Corn, Soybeans Share in North America for 2011
In addition, the recent approval of new products, Optimum AcreMax and Optimum AcreMax Xtra, expands the company’s offerings of new insect protection solutions to benefit U.S. corn growers and continue to deliver value.
Sep 16 2011 --- DuPont confirmed its seed business, Pioneer Hi-Bred, will deliver another year of positive financial performance, including North America share gains in corn and soybeans.
The announcement came at the Credit Suisse Chemicals & Ag Conference on Sept. 15 and was based in part on U.S. Department of Agriculture (USDA) data showing that Pioneer added a solid 1-point share gain in North American corn and 4 points share gain in soybean, further demonstrating the value of Pioneer genetics and services. These results mark multiple years of share gains in both crops.
“New and loyal customers see the value of our innovative products and that is why we continue to see success,” said Paul Schickler, president, Pioneer Hi-Bred, a DuPont business. “Our ‘right product, right acre strategy’ is winning and we are pulling ahead of the competition.”
As the 2011 harvest begins, Pioneer is confident in product performance, as well as supply, Paul said. “While 2011 has been a challenging growing season, Pioneer runs excellent supply chain management processes and expects full availability for the 2012 planting season. This is just another example of actions to ensure the highest level of service and support for our growers,” he said.
“Based on what we are observing and hearing from farmers, we think our momentum will continue in 2012,” Paul said. “This year, growers planted nearly 4 million acres with Optimum AcreMax1 and Optimum AcreMax RW products, which will support increased penetration next year.”
In addition, the recent approval of new products, Optimum AcreMax and Optimum AcreMax Xtra, expands the company’s offerings of new insect protection solutions to benefit U.S. corn growers and continue to deliver value.
“The delivery of these new products demonstrates our commitment to bring innovation to market,” Paul said. “We are proud to lead the industry by offering the broadest choice of integrated refuge solutions to farmers.”
Market share growth is based on current USDA acreage estimates. Final USDA acreage assumptions for 2011 are issued in January 2012.
