EXEC EXPECTS AGRICULTURE BOOM.
"The added value of agricultural products is having a tremendous stabilizing impact on rural America" Casale said. "That stability means increased land values and opportunity for operational investment".
"Every businessman should be thinking about these opportunities and what they might mean to his business".
Areas of investment that Casale identified include:
"I live in St. Louis, and I farm in Oregon", Casale said. "I monitor everything from the weather to the conditions of soils and growing crops in the fields online. The need for this kind of service is going to grow. Who will deliver it? Who will provide the monitoring hardware and software?
"The opportunities lie in figuring out the needs of a growing rural economy and how to deliver products to meet those needs" Monsanto has gone from a company once focused on chemicals with a sideline in genetic seed to one focused on seed with chemicals as a sideline, he said.
He said he doesn't expect the ethanol boom to end anytime soon and promised that new varieties of grains and oils and new processes for getting the most value from those products are coming.
A new generation of drought resistant corn, developed at Monsanto's Valley Center research and development center, will be ready for release for planting this spring, he said.