BASF SE : Despite unprecedented opportunity, many corn and soybean growers leaving profit on the table by not pushing yield

Survey: Farmers know more than ever about fungicide application timing and benefits, but many not adopting

RESEARCH TRIANGLE PARK, NC - January 25, 2012 - Strong commodity prices mean corn and soybean growers have excellent profit potential if they can produce good yield, control costs and manage risk. But are growers taking full advantage of the opportunity?

A recent survey by BASF shows that 83 percent of corn and soybean growers, primarily located in the Midwest, agreed that preventative fungicide application is necessary because once disease is present, yield is already lost. However, 57 percent of those surveyed who used a fungicide in 2011 said they make their fungicide application decision in-season, based on weather and/or disease pressure.

By definition, a preventative fungicide application involves applying a fungicide product to a crop before any disease incidence has been spotted. Research shows growers who take the necessary steps to prevent their crop from troubling diseases benefit at the end of the season.

Preventative fungicide applications protect crops from diseases by stopping infections before they begin. Disease pressure can account for yield loss of up to 50 percent, depending on the severity of disease incidence1. For example, in gray leaf spot research, crops with 6 to 25 percent affected ear leaf area saw an approximate yield loss of 2 to 10 percent. A preventative fungicide application helps stop

disease from occurring, which protects yield potentials while providing Plant Health benefits like better standability.

In seven years of testing and more than 6,000 on-farm trials2, BASF has seen an average of a 4 to 8 bushel per acre increase in soybean yield over untreated acres when using Headline® fungicide preventatively. Results from 137 on-farm trials in 2011 show a 12.8 bushel per acre yield increase with an application of Headline AMP™ fungicide on corn compared to untreated fields.

"More and more growers are learning about the positive returns possible with a preventative fungicide application," said Nick Fassler, BASF Technical Market Manager. "And with commodity prices as high as they've been, it makes more sense than ever to make plans for controlling disease in 2012."

Growers can also take advantage of incentives to pre-plan their BASF fungicide application in 2012 through several money-saving offers:

• -Headline Advantage-Purchase Headline fungicide, Headline AMP fungicide and/or TwinLine® fungicide by March 15, 2012, and you may be eligible to save up to 20 percent off your qualifying fungicide purchase when you purchase a second BASF product such as Kixor® herbicide technology 3.
  
• -Investment Advantage-Growers who purchase at least 300 acres worth of three products within a BASF High Yield Package by March 15, 2012, may receive a partial rebate of their qualifying High Yield purchases if the BASF Harvest Price for the corresponding commodity ends below the BASF Established Starting Price4.
  
• -Finance Advantage-Growers who choose to finance the qualifying purchase of two or more BASF products by March 15, 2012 will receive no payments and no interest until December 20125. Growers can increase their bottom line by saving money with interest-free financing.

Additional survey results

The BASF grower survey* showed several interesting results regarding grower perceptions of fungicides, including:

• -65 percent of growers surveyed used a fungicide in 2011
• -Of the growers who used a fungicide in 2011, 87 percent said they used a fungicide preventatively, regardless of disease pressure
• -54 percent used a fungicide primarily to increase yield potential
  • -46 percent listed disease control or Plant Health benefits as a primary reason for a fungicide, of which 18 percent said disease control was their main basis for fungicide application.
• -65 percent of growers surveyed agreed they can see a visual difference in their fields after applying a fungicide
• -Larger growers (those with more than 1,000 acres) were more likely to use a fungicide product in 2011, compared to smaller growers (those with 999 or fewer acres)
  • -However, smaller operations were more likely to use a fungicide product on a larger percentage of their acres
    • -81 percent of growers with less than 500 acres sprayed a fungicide on all of their acres, compared to 24 percent of growers with 1,000 to 3,000 acres, and 27 percent of growers with more than 3,000 acres

For more information on BASF Crop protection products, visit, like us onand follow us on.

*For full survey results, please [e-mail] .

About the Crop Protection division

With sales of €4.0 billion in 2010, BASF's Crop Protection division is a leader in crop protection and a strong partner to the farming industry providing well-established and innovative fungicides, insecticides and herbicides. Farmers use these products and services to improve crop yields and crop quality. Other uses include public health, structural/urban pest control, turf and ornamental plants, vegetation management, and forestry. BASF aims to turn knowledge rapidly into market success. The vision of BASF's Crop Protection division is to be the world's leading innovator, optimizing agricultural production, improving nutrition, and thus enhancing the quality of life for a growing world population. Further information can be found on the web ator follow us on twitter:

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1Patrick Lipps, 1998. Gray leaf spot and yield losses in corn. Crop Observation and Recommendation network. Issue 98-23.

2On-farm research referenced may be sponsored or supported by BASF Crop Protection.

3Since timing and commodity prices will vary, BASF does not and cannot guarantee any level of rebate.

4Only purchases from BASF Authorized Retailers will be eligible for reward payments. A list of all BASF Authorized Retailers is available on the website at . BASF reserves the right to assign BASF obligations (including the obligation to make payment), in whole or part, under this offer to a third party without notice to, or the consent of, the Grower. BASF reserves the right to cancel or modify this offer at any time without any notice. The second BASF product purchase must be equal to or greater than $2,000. Please review offer for all related details and additional terms and conditions.

5The initial combined purchase must be at least $10,000, with second product purchase being at least $2,000. Offer ends March 15, 2012. No payments and no interest, which may be prior to delivery, until the customer's December 2012 payment due date when the entire transaction is due in full. Offer limited to John Deere Financial multi-use account customers with an available Special Terms credit limit. After the promotional period, interest charges will begin to accrue at the rate provided in the John Deere Financial Multi-Use Account Credit Agreement. Subject to John Deere Financial approval and merchant participation. Offer limited to qualifying products and minimum purchase requirements. See your local BASF retailer for complete details. John Deere Financial multi-use account is a service of John Deere Financial, f.s.b.

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