Bayer is helping support cotton growers by offering cost protection through its ‘Shared Risk Program’ for those who plant its FiberMax and Stoneville cotton seed.
The 2018 programme helps ensure economic stability for growers by providing cost protection when an ‘Act of God’ forces a replant, causes crop loss or impacts yield below specified pounds per acre.
“We recognise the importance of minimising the risk that growers face,” says Kerry Grossweiler, who manages the Bayer programme. “The 2018 Shared Risk Program gives growers added economic confidence – which gives them the flexibility to manage to their highest yield potential for maximum profit opportunity.”
The programme works by rewarding growers who invest in the elite germplasm available from FiberMax and Stoneville cotton seed, then utilise best management practices, such as nematode control and staying on top of weeds, to manage for the highest potential yield. The Shared Risk Program also offers replant protection, crop loss protection and yield protection when yield falls below specific regional limits.
“Growers take on the risk of producing a cotton crop each year, gambling their livelihood on Mother Nature,” adds Grossweiler. “Bayer strives to provide for our cotton growers who actively plan for success by investing in Bayer high-quality seed and traits.”
Earlier this month, Bayer further reduced its interest in chemicals giant Covestro, previously Bayer MaterialScience, as part of an accelerated bookbuilding process with a targeted volume of around EUR1.5bn (US$1.87bn).
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By GlobalDataThe direct interest that Bayer currently holds in Covestro is 24.6%, while Bayer Pension Trust holds a further 8.9%. The company intends to achieve full separation from Covestro in the medium term, it has said.
