At BASF, innovation is one of our core strategic pillars for success. With our innovation-based strategy in agriculture, we put the grower’s needs at the center of everything we do. We are committed to investing in and delivering leading crop protection and seed & trait technology to growers in Western Canada to enhance productivity and profitability in a sustainable and responsible manner. BASF Intellectual Property Agreements like the Liberty® & Trait Agreement (LTA) and the Clearfield® Commitment are contracts between BASF and purchasers of seed & trait technology that steward the technology in the marketplace and support investment in future innovation.
BASF is one of the world’s leading crop protection, seed & trait research & development companies. We are focused on investing back into agricultural research & development. In 2019 alone, the company invested $1,286 million CDN in research & development globally in the Agricultural Solutions division, representing around 11% of sales for the segment. *
In Canada, this research & development investment supports several initiatives:
* “BASF’s new focused approach boosts agricultural innovation pipeline by 25%,” BASF, February 28, 2020, https://www.basf.com/global/en/media/news-releases/2020/02/p-20-136.html.
At BASF, we have a passion for discovering new, integrated solutions and revolutionary, high-performing products to boost agricultural productivity, profitability, and sustainability. Bringing new seed & trait technologies to the marketplace is no small feat and takes time and investment. According to a CropLife International study, it takes approximately 13 years and approximately $136 million to launch a transgenic trait from its discovery to commercial launch.* BASF value-added traits are available to growers in top-performing hybrids and varieties because of that continued time and investment. Our investment in state-of-the-art research facilities and processes has helped optimize this process.
* “Cost of bringing a biotech crop to market,” CropLife International, September 2011, https://croplife.org/plant-biotechnology/regulatory-2/cost-of-bringing-a-biotech-crop-to-market/.
BASF is committed to the responsible delivery of seed & trait products to the Canadian marketplace from its inception through to its ultimate use and discontinuation. Supporting this commitment, BASF is a member of Excellence Through Stewardship® (ETS).* ETS is a global organization that promotes the adoption of product stewardship programs and quality management systems for the full life cycle of agricultural biotechnology products. BASF products are commercialized in accordance with ETS guidelines.
Purchasers of BASF seed & trait products also play a key role in stewarding the technology which supports the integrity and durability of the products
and safeguards ongoing open market access for Canadian crops. Here are some examples:
*Excellence Through Stewardship® is a registered trademark of Excellence Through Stewardship.