Arcadia Biosciences partners with Beck's Hybrids to develop and commercialise corn productivity traits.
M2 EQUITYBITES-March 31, 2016-Arcadia Biosciences partners with Beck's Hybrids to develop and commercialise corn productivity traits
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Agricultural technology company Arcadia Biosciences (Nasdaq:RKDA) on Thursday reported its plan to bring high-value yield and stress traits to the market in corn in collaboration with Beck's Hybrids Inc, the largest family-owned retail seed company in the US.
The partnership leverages Arcadia's abiotic stress traits and Beck's leadership in breeding, commercial seed production, marketing and sales. The collaboration will focus on commercialising traits that improve yield, nutrient efficiency and stress tolerance under various environmental conditions.
As part of the agreement, Arcadia and Beck's will jointly invest in commercial development of abiotic stress and yield traits, with both companies sharing in the commercial value of resulting products.
While major gains have been made in corn productivity, farmers still depend on a combination of fertilizers, advanced genetics and traits to increase crop productivity. Arcadia's agronomic yield and stress tolerance traits are designed to increase crop yields and improve farm economics by improving efficiency in the use of key inputs. Its Nitrogen Use Efficiency trait in particular has demonstrated double-digit yield gains in multiple years of field testing in wheat and rice.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Mar 31, 2016|
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