Agricultural bioscience firm’s South American breakthrough
AGRICULTURAL bioscience firm Plant Impact has launched a new products for soybean yield enhancement in Latin America.
The AIM-listed Preston company has announced the introduction of the products Fortalis to Argentina and Veritas to Paraguay.
The agreement extends Plan Impact’s ongoing business relationship with Bayer CropScience and establishes the group’s business operations on the southern cone of the continent.
Bayer CropScience Argentina will introduce Fortalis to the world’s third-largest soybean producing country in the 2016/17 growing season via the Bayer Argentina Ambassador Network.
The new foliar spray is Plant Impact’s first formulated product to use the second generation of the Group’s CaT technology, which has been developed over recent years, tested successfully in Argentina, Brazil and the United States and is subject to a pending patent application.
Meanwhile, sales of its established soybean crop enhancement product Veritas® will begin in Paraguay in the 2016/17 growing season. Veritas has increased soybean yields consistently over the last three years in Brazil, with grower demonstration trials during 2015/16 also showing strong results across Paraguay.
John Brubaker, chief executive of Plant Impact, said: “Advances in technology are always exciting, and given recent political and economic developments in Argentina, we are proud that soybean growers in this market will be the first to use this next generation technology to improve their crop yields and overall profitability.”