The BASF crop protection pipeline is now expected to peak at $3.35 billion for products launched between 2015 and 2025.
All crop protection indications in row and specialty crop farmers will be the focus of BASF’s product launches through 2025 thanks to continuous research and development investments totaling $573 million last year.
“We have been very successful in translating ideas and challenges into best-in-class products and services for growers across the globe,” Markus Heldt, president of BASF’s Crop Protection division, said. “Innovation remains a crucial component of agriculture today. It is a dynamic market, with ever-changing needs and new challenges, and we are happy that we can contribute with new solutions and technologies.”
Starting in 2019, BASF plans to introduce a global fungicide compound to farmers. The new fungicide is in advanced stages of development and promises to become an outstanding help for farmers against diseases.
Engenia is an herbicide considered an advanced dicambia formulation, especially for prevention of weeds in row crops. Its American release is anticipated for later this year.
“Although commodity prices have been lower and the agrochemical sector has slowed down, we have full confidence in the long-term global trends,” Heldt said. “We need a robust agriculture sector as the basis for our planet’s future growth. We can only support farmers’ success in delivering healthy and affordable food if we continue to invest in new sustainable solutions to increase their yields. So that is what we will continue to do."