Monsanto (MON) Commits To 2012 Objects

Monsanto Company (NYSE: MON) is sharing unprecedented value created on farm with both growers and investors as the company recommits to its 2012 objectives, Chairman and Chief Executive Officer Hugh Grant will say today in prepared remarks.

Grant, speaking at the Credit Suisse 22nd Annual Chemical and Ag Science Conference, will say the company remains on target to help farmers benefit with improved seeds and technology and consequently more than double 2007 company gross profit by 2012 as results from the robust R&D pipeline reach farmers' fields and fuel continual seeds and genomics growth. Also, he will address the company's disciplined spending and cash flow management and will explain how Genuity(TM) Roundup Ready 2 Yield(R) soybeans and Genuity(TM) SmartStax(TM) corn deliver increased value on the farm and are expected to create approximately one-third of the company's gross profit growth to 2012.

"As we upgrade the technology platform on each acre of corn, soybeans and cotton, we create more yield - and more profit - for our farmer customers," Grant will say. "As a result of delivering benefits on the farm and to our many seed company licensees, we expect our U.S. seed business alone to generate more gross profit in 2012 than our entire seed portfolio did around the world in 2009."