GLOBAL HARVEST INITIATIVE

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Transcript GLOBAL HARVEST INITIATIVE

BRIDGING THE GAP: A GLOBAL HARVEST INITIATIVE

Jerry Steiner, Executive Vice President, Monsanto Company

A New Vision for Agriculture: 20/20/20

Goals for Each Decade …

20% INCREASE IN PRODUCTION 20% DECREASE IN GHG EMISSIONS (per ton of output) 20% DECREASE IN RURAL POVERTY

The Global Agricultural Productivity GAP ™ Source: Farm Foundation, NFP calculations (2010) based on USDA ERS data.

Federal Research Spending Lags in Agriculture

Total R&D by Agency, FY 2011

Budget authority in billions of dollars

USDA; $2,4

DHS; $1,0 NSF; $5,5 All Other; $6,6 NASA; $11,0 DOE; $11,2 DOD; $78,0 HHS(NIH); $32,2 Source: AAAS, OMB R&D budget data, agency budget justifications, and other agency documents. R&D includes conduct of R&D and R&D facilities.

U.S. Corn Growers Conserving Resources

20% aggregate reduction thru 2008

Goal: 33% aggregate reduction 1 Source: Field to Market Alliance; indexed to actual values in year 2000

THANK YOU!