Financial News

Bayer Future of Farming Dialogue Focuses on Importance of Sustainability in Agriculture

Bayer helping transform the food system through innovation in agriculture

SOURCE: Bayer

SUMMARY:
  • Despite the challenges posed by Covid-19, Bayer confirms significant progress on its sustainability commitments.
  • Highly innovative carbon initiatives are redefining the value of farming by rewarding farmers for generating carbon credits when adopting climate-smart practices.
  • Game-changing launch of VITALA, the first global launch of a short stature maize hybrid in Mexico, to help farmers produce more while using less resources
DESCRIPTION:

MONHEIM, October 13, 2020 /3BL Media/ – As part of the company’s Future of Farming Dialogue virtual event series, Liam Condon, President of the Crop Science division of Bayer, emphasized the importance of the company’s sustainability commitments it set in 2019. Condon addressed how the impact of COVID-19 and the resulting economic instability reinforced the need to intensify the focus on agricultural innovation and help make agriculture part of the solution to climate change, while continuing to ensure food security for all.

“The agricultural industry is no stranger to adversity – from flooding to drought to pest infestations – and COVID-19 is yet another stark reminder of the need to create a more sustainable and resilient food system to ensure food security,” said Condon. “Innovation, science and collaboration are key to not only solving the pandemic but also necessary in agriculture to solve the present and future challenges facing farmers.”

The Future of Farming Dialogue features a variety of internationally renowned speakers and stakeholders from academia, industry and media. The focus of discussion is how to build more resilient food systems, accelerate sustainable-driven innovations and develop new business models that can reward farmers for their services to the ecosystem.

Condon commented on Bayer’s sustainability commitments: “Especially in challenging times, it’s our responsibility to help ensure food security and reduce our environmental footprint. We also need to help farmers do the same by providing the products, services and technologies needed to produce enough food while using less resources and caring for the environment. The key to this is innovation and this is what we continue to drive forward.”

To underscore this, the company recently launched products and initiatives that highlight its commitment to agricultural innovation and digitalization, critical levers in driving a more sustainable food system. This includes:

  • An industry-first, externally developed model that can measure the environmental impact of any crop protection product in any crop around the world. So far, the company has used this model to screen its entire portfolio and its uses around the world to understand the sustainability implications.
  • The launch of the Bayer Carbon Initiative to help growers generate revenue for adopting specific climate-smart practices. Bayer is paving the way towards a carbon-zero future for agriculture through this innovative, science-based and collaborative pilot program with the potential to deliver unmatched value to many more farmers through expansion in the U.S. and Brazil and other world regions.
  • The recent introduction of a new short stature corn product in Mexico, known as VITALA. The VITALA system consists of a new hybrid maize and best practices in agronomy to help farmers in Mexico grow more using less resources. Bayer is continuing to research and conduct trials with the goal of introducing region-specific varieties in other markets that will allow farmers around the world to experience the same benefits.
  • The ‘Better Life Farming Alliance’, an initiative led by Bayer to empower smallholder farming communities. Together with partners, this alliance provides, know-how, inputs, financial solutions and market access to them. This year saw the expansion of support to Indonesia and Bangladesh and new banking services in India. Bayer also provided seeds and crop protection inputs along with market assistance and support for health and safety needs due to COVID-19 for smallholder farmers in Asia, Africa and Latin America. Better Life Farming is also testing and implementing gender-smart approaches and creating new job opportunities for youth.

These efforts – on top of many others – are already helping Bayer fulfill its commitments to empower 100 million smallholder farmers through access, agronomic knowledge, tools and partnerships; reduce field greenhouse gas emissions produced by key crops in major agricultural markets by 30 percent; and reduce the environmental impact of crop protection 30 percent by 2030. For more updates on how Bayer will continue to partner with key stakeholders to advance its sustainability commitments, visit the Bayer Sustainability Hub.

“By integrating sustainability into our core business, we are able to not only help ensure food security, but also transform agriculture so that it can become part of the solution for climate change,” added Condon.

Bayer will continue to host its Future of Farming Dialogue in a virtual series throughout 2020 and into 2021. Learn more here.

About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population. At the same time, the Group aims to increase its earning power and create value through innovation and growth. Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2019, the Group employed around 104,000 people and had sales of 43.5 billion euros. Capital expenditures amounted to 2.9 billion euros, R&D expenses to 5.3 billion euros. For more information, go to www.bayer.com.

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Tweet me: .@Bayer4Crops Future of Farming Dialogue Focuses on Importance of Sustainability in Agriculture https://bit.ly/3iUyznU https://bit.ly/3iUyznU

KEYWORDS: Bayer, sustainable agriculture, COVID-19, coronavirus, pandemic, Liam Condon

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback