DEKALB Enhances, Extends Early Purchase Program to Better Serve Farmers Delayed By Late Harvest
ST. LOUIS, Nov. 24 /PRNewswire-FirstCall/ -- The unusually late start to
this year's corn and soybean season finds many U.S. farmers still in the
field, harvesting what the U.S. Department of Agriculture (USDA) estimates to
be among the largest crops on record. In order to better serve farmers who
have been delayed by harvest in making their 2009 seed purchase decisions,
Monsanto Company (NYSE: MON) today announced it is enhancing its DEKALB(R)
early purchase program on seed orders.
"One of the most important things we can do to help farmers is to listen
and do our absolute best to respond to their needs," said Dieter Holtz,
Monsanto vice president of national brands. "We are enhancing our early
purchase program and extending the window of opportunity for farmers who are
finishing up harvest and at the same time are trying to make seed purchase
decisions for next year."
Last week, Monsanto reported that preliminary data collected from more
than 12,800 research comparisons demonstrate that nationally, the five leading
DEKALB corn seed products out yielded national competitive corn seed products
by 9.8 bushels per acre on average. Monsanto's DEKALB brand also out yielded
Pioneer's competitive corn seed products by 8.8 bushels per acre on average in
data collected from 9,870 head-to-head comparisons throughout the Corn Belt.
"Combining our proven track record of strong performance with our enhanced
purchase program enables farmers to select DEKALB products for 2009 with
confidence," said Holtz.
Under the enhanced program, farmers can take advantage of increased and
extended program rates for early purchase of DEKALB seed. For example, the
early purchase rate for farmers has increased from 7.75 percent to 10 percent,
and the purchase deadline has been extended from Nov. 15 to Dec. 10.
To learn more about the early purchase program and related financing
options, farmers should visit their DEKALB seed dealer.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based
solutions and agricultural products that improve farm productivity and food
quality. Monsanto remains focused on enabling both small-holder and large-
scale farmers to produce more from their land while conserving more of our
world's natural resources such as water and energy. To learn more about our
business and our commitments, please visit: www.monsanto.com. To learn more
about this year's harvest season, please visit Monsanto harvest videos.
Note to editors: DEKALB is a registered trademark of Monsanto Company and
its wholly owned subsidiaries. Pioneer is a registered trademark of Pioneer
Hi-Bred International, Inc.