May 28, 2008

Monsanto to double profit by 2012

Monsanto Company expects to more than double its 2007 gross profit by 2012 through increased productivity and yield to farmers.

Company chairman, Hugh Grant, will present strategies during the Sanford Bernstein 2008 Strategic Decisions Conference in New York on Wednesday.

Grant would reinforce Monsanto's strategy which is based on innovation that delivers increased productivity and yields, company representatives said.

Monsanto has extended its leadership, widening the gap through global share growth, faster trait penetration and accelerated expansion into new markets, Grant said.

Furthermore, the company would emphasize how boosting yield-per-acre can make a difference in today's supply-demand environment. 

Grant explained that getting more yield from the land already in production today is the most viable solution.

If Brazil, India and Mexico corn yields could be brought to 100 bushels per acre, global production would be bolstered by nearly 4 billion additional bushels of corn, Grant added.