Soybean Technology Companies-Part 1
Some companies investing in technology or developing new technology related to the soybean industry are Corteva Agriscience (DowDuPont), M.S. Technologies, Monsanto (Bayer/BASF), and Stine Seed Farm which are all leaders in seed trait technology. True Organic Products is another company that develops technology related to soybeans but is focused primarily in fertilizer.
- Corteva Agriscience is a publicly traded, global pure-play agriculture company. Corteva is the agriculture division of the now merged Dow (Dow AgroSciences LLC) and DuPont (Pioneer Hi-Bred International, Inc).
- Dow produced agricultural chemicals for pest control and plant nutrition, and offered products such as insecticides, herbicides, fumigants, and other chemicals.
- One soybean technology, which Dow filed for patent on October 2, 2014, was a method for identifying a soybean germline transformant.
- DuPont Pioneer was a developer and supplier of advanced plant genetics to farmers worldwide. The company distributed agricultural products such as corn, soybeans, sunflowers, canola oil, wheat, sorghum, alfalfa, and corn silage.
- Several patents for soybean varieties are registered to Pioneer Hi-Bred International, Inc in the US including 5PKYK65, 5PGGB63y, 5PQLN19, etc.
- The US launch of Enlist E3™ soybeans was announced in February 2019. Enlist E3™ soybeans, developed by Dow Agrosciences (now Corteva Agriscience) and MS Technologies, provide tolerance to new 2,4-D choline in Enlist Duo® and Enlist One® herbicides, as well as glyphosate and glufosinate herbicides.
- Dow and MS Technology share the patent for the detection of stacked herbicide tolerance event 8264.44.06.1, related transgenic soybean lines.
- Enlist E3™ is a seed trait technology. In the second quarter 2019, Corteva sold more than 150,000 units of Enlist E3™ soybeans in North America and began recognizing licensing income related to the proprietary trait technology for over 100 executed licenses to date. Enlist E3TM soybeans are estimated to be greater than 10% of North American planted soybean acres in 2020.
- In 2018, DowDuPont had a global net sale of $14.3 billion.
M.S. TECHNOLOGIES, LLC
- MS Technologies™ is an agricultural company that provides technology and soybean genetic innovations to improve the future of farming. The company products include a variety of herbicide-tolerant and insect-resistant traits.
- Some soybean cultivars patented to MS Technologies™ are cultivars 76132184 and 70271905.
- The company also collaborates with other agricultural companies in developing new seed traits technologies such as the Enlist E3™ with Dow Agrisciences in 2019, and LibertyLink® with BASF (before Bayer) in 2009.
- LibertyLink® soybeans are reported to have a 33-dollar profit potential.
MONSANTO TECHNOLOGY, LLC
- Monsanto was a global modern agriculture company that developed products and tools to help farmers around the world. Mosanto products included corn, soybean, cotton, wheat, sorghum, and vegetable seeds.
- On June 7, 2018, Bayer became the sole owner of Monsanto Company. Bayer divested the bulk of its remaining crop science businesses to BASF following its USD 63 billion combination with Monsanto.
- Monsanto holds the patent for some soybean technologies such as: methods of making soybean seed and oil compositions; method to identify disease resistant soybean gene; molecular markers associated with soybean tolerance to low iron growth conditions; and methods for detection of soybean transgenic event MON87705.
- The company has patent for soybean varieties like 01064350, and developed seed traits in collaboration with other agricultural companies. Monsanto, together with M.S. Technologies, developed LibertyLink® soybeans in 2009.
STINE SEED FARM, INC
- Stine Seed Company operates as a seed company specializing in corn and soybean breeding programs.
- The company co-develops soybean traits with other agricultural companies like Monsanto where it shares the patent for soybean cultivar 77252418.
- One of the soybean traits the Stine Seed offers is the Stine® GT27™ which is based on the GT27™ soybean performance system developed by MS Technologies™ and Bayer. Stine® GT27™ soybeans offer growers high-yielding, elite genetics coupled with a double herbicide-tolerant trait stack tolerant to both glyphosate and a new HPPD/Group 27 herbicide which can be used as burndown and pre-emergence applications for broad-spectrum weed control with residual activity once approved by the EPA.
TRUE ORGANIC PRODUCTS, INC.
- True Organic Products Inc. is a family-owned agricultural company that produces organic fertilizers. The company categorizes its products into dry pelleted fertilizers, liquid fertilizers, or custom blend fertilizers.
- On August 31, 2016, the company filed for a patent for a process for production of a pelleted organic fertilizer with feather meal and soybean meal as base.
- True Organic Products Inc. has an estimated revenue of USD 5.46 million.
- Aside from acquiring Bayer and Monsanto, the German chemical company BASF SE holds a US patent for a method for controlling pests in soybean.
- Syngenta Participations AG of Switzerland holds a US patent for methods and compositions for identifying disease resistance alleles in soybean.
- CJ Cheiljedang Corporation of South Korea holds a US patent for a certain process for preparing fermented soybean meal.
- Individuals Kim Bok-Ja and Lee Ik Jae from South Korea registered a patent for whole soybean curd production system having heating device and cooling device, and method for producing whole soybean cu
To identify companies that are investing in technology or developing new technology related to the soybean industry, we began the search in United States Patent and Trademark Office (USPTO) website. We isolated patents that are related to soybeans. From this strategy, we were able to identify major players in the soybean industry such as Dow AgroSciences DuPont Pioneer, MS Technologies, and Monsanto, to name a few.
Having identified the top companies developing new technology related to soybean, we searched each company's website for the latest technology it developed. Most of the technologies we found were soybean seed trait technologies, but there was one company that developed a fertilizer technology utilizing soybean and feather meals. We were hoping to find information about the costs of developing the technologies and the financial returns as well, but these details were not found in the companies' websites.
Finally, we searched news website and industry-related websites for relevant articles that may provide information on the development cost and success of the technologies. However, the articles we found did not provide these specific details. We also looked for annual reports of the companies hoping to find breakdown of expenditures, but this too was not fruitful. We assume these details are not made publicly available because the companies are either private or undergoing major restructuring such as the Dow-DuPont merger and Mosanto-Bayer-BASF merger.