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BASF Released 10-year outlook for Agricultural Technologies

BASF Released
View of BASF in Ludwigshafen, Germany (March 02, 2021)

BASF has released its 10-year outlook for agricultural technologies that will ensure food security for future generations while reducing farming’s impact on the climate and environment. Wheat, canola, soybean, corn, cotton, rice, and fruits and vegetables are among the key crops targeted by the company. According to the UN’s Food and Agriculture Organization (FAO), these crops cover more than half of the world’s cropland, which is why innovations implemented on such a wide scale have the potential to improve farming productivity and sustainability.

BASF continues to develop its pipeline of seeds and characteristics, seed treatment, biological and chemical crop protection, and digital farming solutions for these important crops and will launch major pipeline initiatives across all business sectors over the next decade. The innovation pipeline is worth a lot of money, with a peak sales potential of more than €7.5 billion. BASF’s products and solutions are becoming increasingly important to society, as the business integrates sustainability standards into its agricultural research. It invested roughly €900 million in R&D in the Agricultural Solutions business in 2021, accounting for around 11% of the segment’s sales. BASF will continue to invest heavily in agricultural innovation research and development in 2022..

The company tailors its products, technologies, and services to assist farmers to produce their crops optimally even in adverse environmental conditions while focusing on specific crop systems in key locations. “Agriculture innovation is critical for long-term food production.” Dr. Livio Tedeschi, President of BASF Agricultural Solutions, said, “We need to find the appropriate balance for better yield — output produced in methods that fulfill the demands of future generations, have a low environmental impact, and help farmers make a livelihood.” “Our inventions enable more productive and sustainable farming – critical levers defined by the UN and included in their Sustainable Development Goals.” We made this a priority at BASF Agricultural Solutions, and we committed to clear and quantifiable targets to enhance sustainable agriculture by 2030.

Dr. Peter Eckes, President of R&D and Regulatory of BASF Agricultural Solutions said, “Over the last decade, we have built a broad portfolio that utilizes all technologies needed for a more sustainable future of agriculture.” “As a trusted and dependable innovation partner, our agricultural research reflects a long-term approach that provides farmers with stability in a changing environment, allowing them to enhance productivity while reducing the impact of farming on natural resources.”

Land Use Efficiency and Precision Application Farmers in North America will benefit from a diverse and tailored soybean innovation pipeline.
BASF is working to develop and link breakthroughs in seed, crop protection, and digital solutions that are customized to the needs of farmers in North America. Soybean Cyst Nematode (SCN) is the primary cause of soybean yield loss in North America, according to the Plant Health Initiative. SCN causes an estimated $1.5 billion in economic losses for soybean farms in the United States each year. A BASF new trait for nematode tolerance is being developed for soybean producers. The Nematode Resistant Soybean (NRS) trait is the next phase in soybean seed development, aiming to reduce yield loss caused by the insect. This new NRS trait technology can help soybean producers safeguard their seeds and maximize yields per acre.

BASF and Bosch collaborated to develop the Smart Spraying solution, which combines xarvio’s agronomic intelligence with Bosch’s high-tech camera sensor technology and software to control weeds with precision inputs. Real-time, automated pre-and post-emergence weed identification, and management is possible with this technology. Smart Spraying decreases the danger of weed resistance by employing herbicide formulations and rates that have been carefully formulated, ensuring that herbicide is applied just where and when it is needed. It can minimize herbicide volume consumption by up to 70% by spot application, depending on field conditions and weed pressure. Within the next 18 months, the Smart Spraying solution should be available in North America, Brazil, and Europe.

“By applying our knowledge, passion, and collaborative approach to assist farmers to achieve a better and more sustainable yield, BASF aspires to create a good impact on our customers, the environment, and society,” said Paul Rea, Senior Vice President, BASF Agricultural Solutions North America. “To assist us to reach this aim, we need tools and technologies like the NRS trait and the Smart Spraying solution.”