November 30, 2020

Why are there no new ag chemicals on the market?

MaxYield’s Tom Winkel sends along the following thought from a meeting he was at recently. Answer to the “why are there no new ag chemicals on the market?” is attributed to Mike Owen from Iowa State University.

 

If you (as a bio-chemist) had a brilliant idea to develop this new “Silver Bullet” product, it would take about $300 million of investor’s capital for research and development. And along the way you would have to jump through an enormous number of government regulations and hurdles.

It would still take 8-10 years before that new product could hit the market. That might help explain the lull in new products.

Sooo…we find ways to mix and rotate current herbicides and tweak formulas to help control weeds and weed resistance.

 

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