In the modern world, technology plays an indispensable part in each and every phase of human life. Relying on this phenomenon, the agricultural solutions provider, Monsanto Company (MON) offers its customers an integrated pest management tool to monitor and control pests in the corn fields.
The Insect Forecast Tool, sponsored by the company for the fourth year, helps farmers to gauge the current pest pressure and make plans for future pest control measures. The service takes the shape of online as well as mobile applications with the help of which farmers can calculate the time of potential root damage as well as take corrective action.
This tool from Monsanto is developed by climatologist and meteorologist Mike Sandstrom. The tool forecasts corn earworm and western bean cutworm based on weather patterns and moth trapping data. Monsanto offers the Insect Forecast Tool under its Genuity brand.
Monsanto offers a variety of other solutions under its Genuity brand like Genuity SmartStax RIB Complete corn blend, used against below- and above- ground insects; while Genuity VT Double PRO RIB Complete corn blend protects against above-ground insect control; Genuity VT Triple PRO RIB Complete corn blend caters to both types of insect control.
Monsanto is keen to develop newer technologies to help incremental yield for various crops. The company has been continuously increasing its production by focusing on innovation and upgrading technologies targeted to ensure higher yields for farmers. The company’s R&D lineup in molecular-bred hybrid technologies as well as astechnical collaboration with agri-business research firms continue to support sustainability and modernization in cropping pattern for long-term growth.
Monsanto currently carries a Zacks Rank #2 (Buy). Other stocks worth a look in the chemicals industry are American Vanguard Corp. (AVD) and OM Group Inc. (OMG); each carrying a Zacks Rank #1 (Strong Buy). Also, Ferro Corp. (FOE) carries a Zacks Rank #2 (Buy).
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