American Vanguard Corporation (NYSE:AVD) announced today that its wholly owned subsidiary AMVAC Chemical Corporation completed the first phase of a testing relationship with Corteva Agriscience (NYSE:CTVA) regarding Corteva's use of AMVAC's proprietary SIMPAS™ prescriptive application equipment. SIMPAS allows farmers to prescriptively apply multiple at-plant solutions. The technology enabled Corteva Agriscience, a leading agriculture company focused on developing crop protection, seed, and digital solutions for farmers, to precisely deliver inputs in replicated research trials in anticipation of commercialization of Corteva-brand SIMPAS-applied Solutions™ (SaS). SIMPAS is designed to address targeted problem areas in fields with solutions that are applied to specific management zones rather than treating the entire field. The announcement follows Corteva's successful trial work with pre-commercial SIMPAS equipment in 2020.
Eric Wintemute, AMVAC's President & Chief Executive Officer, commented: "Corteva Agriscience is one of the premier agriculture solution providers in the world, so it is gratifying that our proprietary SIMPAS platform has been recognized as a tool that can bolster Corteva's R&D program. The potential to make Corteva-brand SIMPAS-applied Solutions available to farmers is exciting, and it is consistent with our objective for SIMPAS users to have access to SaS from suppliers other than AMVAC. The opportunity to combine SIMPAS application technology with Corteva's R&D capabilities will lead to sustainable new solutions that will make it easy for farmers to apply only what is prescribed, precisely where it is needed. That is good for both the bottom line of participating farmers and the environment. We are pleased to work with Corteva toward that end."
Alex Cochran, Corteva Agriscience's Global Seed Applied Tech, Insect-Nematicide Mgmt and Biologicals Leader, commented: "Our team is excited about the utility of the SIMPAS system, not only for our R&D field trial work within the Integrated Field Sciences team, but also as a potential delivery tool for Corteva solutions that boosts sustainability while adding value to the farmer's bottom line. We are excited about this partnership and the potential to enable farmers to prescriptively apply crop protection and yield enhancing inputs in a targeted manner to address only those areas of a field where the treatment is needed. This sustainable approach to delivering multiple inputs aligns with Corteva's commitment to improving environmental stewardship while helping farmers maximize yield potential, minimize input costs, and optimize return on investment."
SIMPAS will be available from Trimble dealers for corn planting in 2021. For more information, please visit www.simpas.com.