Why do companies look to partner on innovations and license out new innovations to other companies? Licenses have been around for plenty of time, but in recent years, it seems like licensing technology is becoming more prevalent in the seed sector.
Why? In the end, it’s all for the farmer’s benefit, says Corteva Agriscience’s Tony Klemm.
“From the outset, Corteva has been all about what’s best for our farmers,” says Klemm, vice president of seed business development and licensing with Corteva Agriscience, during a Seed World Giant Views interview at the American Seed Trade Association’s CSS & Seed Expo. “Our business model really gives farmers the option of being able to purchase our technologies from whatever outlet or route to market they’d like to purchase from.”
Klemm gives the example of Corteva’s Herculex® insect protection traits made to combat corn rootworm — those traits have been foundational in the marketplace and in the biotech industry. Ensuring every farmer has access to different technologies and innovations is top-of-mind.
In addition, the Enlist® system is another example of a licensed trait making big splashes in the realm of soybeans.
“We’ve had phenomenal adoption — we’re approaching 50% market share across the United States, and it’s starting to ramp up in Latin America,” Klemm says. “It’s still growing, but I really believe we’re at the cusp of changing the face of the soybean market.”
And, the investment in licensing isn’t stopping.
“There are certain things you can expect from Corteva,” he says. “We’re working on increasing our investment in R&D. We have a lot of new traits coming down the pipeline, and we’re really committed to growing this licensing business.”
Make sure to listen to Klemm’s full interview in the link above.
Watch more Giant Views videos at:
When it Comes to Weed Control, Use a Program Approach, Says Greg Lammert
Jason Mize Says Growers Need New Tools for the Toolbox
According to Beni Kaufman, Genetic Markers are Changing Plant Breeding
Seed Applied Technologies Are Convenient and Sustainable, Says Prabdeep Bajwa
Independents Look to Break into the Carbon Market, Bryan Gerard Says
