BioAg Alliance Announces Results of Corn Inoculant Test
Following completion of its 2015 field trails, The BioAg Alliance, a collaboration between Novozymes and Monsanto designed to improve crop harvests through naturally-occurring microbes, announced results that included a corn inoculant product, which increased yields by an average of 4 bushels per acre in U.S. field tests. The product is based on a fungus found in soil, and the Alliance plans to launch the new solution in the United States in 2017.
“The BioAg Alliance is focused on identifying ways that soil microbial solutions can deliver improved harvests from existing land,” said Brad Griffith, Vice President of Global Microbials for Monsanto. “This work is critically important to farmers as they work to meet demands and preserve their soil system. This breakthrough collaboration is unlocking new insights into soil microbial candidates to benefit farmers and our work with this corn seed inoculant is a great example of the results of our combined research.”
The agricultural market for microbials is estimated at $1.8 billion, while the market for traditional fertilizers and pesticides totals $240 billion. The 2015 field trial results were announced as part of Monsanto’s annual pipeline update.
Read the full BioAg Alliance announcement.