Research and Development
Finding new and better solutions
Innovation is at the heart of our business, so we make a huge investment in research and development, both locally and around the world.
Our latest local initiative, the major wheat and oilseeds breeding centre in Horsham, reflects our total commitment to the future of Australian farming as well the need to broaden the scope of our research.
Bringing new chemical compounds to market is now much more difficult than in the past. Thirty years ago, an average of one in every ten thousand compounds that was tested could be developed for commercial release. Now the rate is only one in every fifty thousand, which means inventor companies like ours have to be even more committed – and we are even more dependent on our customers’ support for the innovative products we are able to launch.
While it can cost more than $1.5 million in local research to bring a new product or active ingredient to market, there are long-term rewards for everyone in Australian agriculture:
- Higher returns on investment for farmers through increased yields and quality.
- New modes of action with improved environmental profiles that help to manage resistant pathogens, pests and weeds more efficiently and sustainably.
- Assured access to world markets through the introduction of modern, more targeted chemistry.
Partners in innovation
With fewer new molecules being discovered and made available, we are diversifying our research and development program to include breeding new varieties, developing biological products and integrating our products with other management tools and strategies.
That diversified approach encompasses working with other innovative organisations such as CSIRO and the GRDC. In 2012 we announced a partnership with both organisations to increase the yield of Australian wheat crops – a project in which the new Horsham centre will play a significant role.