WILMINGTON, Del., Nov. 5, 2012 – DuPont announced solid North America harvest results for its Pioneer® brand seed business during the 2012 growing season despite widespread drought and intense heat affecting a large portion of U.S. corn and soybean acres. Yield data report and comparison details are available by clicking here.
“Many growers faced extreme weather conditions this year, and Pioneer® brand products delivered consistent yield performance,” said Paul E. Schickler, president of DuPont Pioneer. “This year’s harvest results are further evidence of our strong legacy of corn and soybean germplasm, and the value of the ‘right product, right acre’ approach to product development and sales.”
“Advancements through plant breeding have increased the durability and productivity of corn and soybeans under extreme stress,” Schickler added. “Solid product performance in 2012 underpins a strong start to the 2013 sales season and anticipated high demand for our products.”
Innovations in Corn Lead to Strong Performance Under Stress
Pioneer® brand corn seed products demonstrated good plant health and performance in tough growing environments in 2012 and continued to perform well against competitor products. Advances in new genetics and strong performance of our triple-stacked hybrids containing in-plant insect protection allowed Pioneer to increase our yield advantage again in 2012.
“As I have walked the fields with customers impacted by this year’s drought, I have heard them say repeatedly that the performance of their corn crop exceeded what they expected based on experience in previous drought years, particularly in the late 1980s,” Schickler said.
The season also showcased Pioneer® brand corn products that have consistent stay-green plus advantages for test weight and grain quality over competitors. More than 80 years of enhanced plant genetics and targeted breeding put growers today in a stronger position than in prior years.
In 2012, Pioneer saw a significant increase in demand for its new generation of Optimum® AQUAmax™ drought-tolerant corn products. On more than 11,000 side-by-side comparisons with competitive products, yield data* shows an advantage of 8.9 percent with Optimum® AQUAmax™ products in water-limited environments; and a 1.9 percent yield advantage in favorable growing environments.
“Growers managing their risk with Optimum® AQUAmax™ products were rewarded in a particularly challenging year,” said Schickler. “The seed delivered a yield advantage under the most difficult drought stress and differentiated our product from the competition.”
These hybrids were developed using DuPont Pioneer proprietary Accelerated Yield Technology (AYT™) system™ to feature native corn traits that help maximize water access and utilization to deliver top-end yield potential under normal growing conditions and improved yield stability under drought stress.
Pioneer Soybean Products Continue to Perform
Pioneer® brand soybean products once again deliver results for growers. Strong agronomics and better plant genetics played a key role in a difficult 2012 growing season – giving the crop the ability to recover despite extreme heat early in the growing cycle.
“Pioneer® brand soybeans continue to deliver competitive yield performance, and our customers are satisfied with their results,” said Schickler. “Year after year, Pioneer invests in soybean product research to focus on what matters most to growers – high-yielding products with strong locally relevant disease-resistance packages. Farmers are looking forward to the introduction of our new 2013 varieties.”
Pioneer announced last month it will release 34 new soybean varieties for 2013 planting after these products demonstrated strong performance under tough local disease and agronomically challenging environments. The 2013 class of soybean products will offer farmers more options to combat disease pressure and help provide consistent yield year after year.
DuPont Pioneer is the world's leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success™.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.
Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.
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*In 2012, Optimum® AQUAmax™ products were grown in on-farm comparisons against competitive hybrids (+/- 4 CRM) in 3,606 water-limited environments with a win ratio of 69 percent; and 7,663 comparisons under favorable growing conditions with a win ratio of 59 percent in the United States. Cumulative claim includes all 2011 and 2012 comparisons across the United States. Water limited environments are those in which the water supply/demand ratio during flowering or grain fill was less than 0.66 on a 0-1 scale (1=adequate moisture as determined by Pioneer) using Pioneer's proprietary EnClass® system and in which the average yield of the commercially available hybrids was less than 150 bu/acre. Moisture levels were measured at the nearest weather station. Favorable growing conditions are locations where yield levels were at or above 180 bu/acre on average, regardless of moisture levels. Product performance in water-limited environments is variable and depends on many factors such as the severity and timing of moisture deficiency, heat stress, soil type, management practices and environmental stress as well as disease and pest pressures. All hybrids may exhibit reduced yield under water and heat stress. Individual results may vary.
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