Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

How to Share Value in Seed Market?

Authors
S V Goncharov, L V Shokhina
Corresponding Author
S V Goncharov
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.250How to use a DOI?
Abstract
As the Ministry of Agriculture is going to increase export revenues to 45 billion dollars by 2024, it has to be related with national research and development improvement (R&D). National breeding organization needs to harmonize budgetary and commercial funding through legal and economic approaches. Unique gene combination in one genotype, transfer from varieties to hybrids, production systems are common approaches to share value in seed business have been promoted mainly by global seed companies. Hybrid commercialization reduces the farms saved seed share, eliminates the risk of royalties loses. From 57 till 79% entries of rapeseed in national Registers of 9 countries are hybrids. The combination of target traits in one genotype proved to be effective in the commercialization of transgenic crops (GM), i.a. “stacks” - genotypes with two alien genes from unrelated species. The production system is an integral part of know how as a package offer of herbicide and tolerant genotype seeds, as well as consultations and digital solutions. Nowadays 24% of the rape acreage out of the 39 mln ha are planted with GM seeds. The third world seed market is controlled by market leaders: Bayer, which has acquired Monsanto, with total seed sales of $ 10.6 billion, Corteva Agriscience (7.3 billion) and Syngenta (2.3 billion). Mergers and acquisitions of global players of agrochemicals and seeds market has reshaped agribusiness into the set of innovative approaches, databases and knowledge for breeding program development with a package offer of crop protection products, seeds and digital solutions.
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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.250How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - S V Goncharov
AU  - L V Shokhina
PY  - 2020
DA  - 2020/03/17
TI  - How to Share Value in Seed Market?
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1803
EP  - 1807
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.250
DO  - https://doi.org/10.2991/aebmr.k.200312.250
ID  - Goncharov2020
ER  -