The need for food, animal feed and renewable raw materials is growing worldwide. At the same time, however, the available arable land is limited and is increasingly endangered by the impact of climate change. In addition, there is growing demand for sustainable farming practices. This requires innovative solutions that can be leveraged to boost agricultural productivity and guarantee food security.
As part of our strategy to develop holistic solutions, we aim to build on our expertise in the integration of seed technology with chemical and biological crop protection. We are also driving digitization.
In the field of digital farming, we plan to develop a proprietary range of services with specific data models that simulate risk factors for crop disease outbreaks, among other things. Our goal is to provide farmers with tailored recommendations on the targeted and correct use of our products, thus helping them to improve their yields.
In line with our commitment to sustainable agriculture, we promote cost-effective and socially viable farming practices that use resources efficiently and protect the environment. By providing tailored solutions, we aim to help smallholder farmers in developing and emerging countries to optimize agricultural production and improve their living standards. Moreover, as part of our Bayer ForwardFarming initiative, we develop and promote innovative solutions for sustainable agricultural practices in collaboration with farmers. As part of these efforts, we are continuously expanding our network of ForwardFarms.
As previously communicated, we are seeking to acquire the Monsanto Company. Together we see ourselves being in a position to offer a broader portfolio of innovative products customized to better meet farmers’ many challenges and individual needs. In the medium to long term, the combined enterprise would be able to bring innovative solutions to the market faster and provide its customers with better solutions and an optimized product offering on the basis of agricultural analysis and supporting digital farming applications.