Bayer remains convinced that the long-term trends impacting the global agricultural sector will remain unchanged. “Despite the current market volatility, our Crop Science business is well positioned to fulfill future customer, market and societal needs,” said Liam Condon, Bayer Management Board member and President of the Crop Science Division, on Tuesday during his presentation at the company’s Future of Farming Dialog 2017 on September 18-20.

“The global seed and crop protection market remains volatile in 2017 after a weak prior year,” Condon noted. However, high population growth, changing consumption patterns and increasing consumer demand for sustainably produced food will have a positive impact on food production, global agricultural trade and ultimately on farm income. “Those factors combined with the steadily growing global demand for feed and biofuel feedstocks support a long-term increase in demand that will drive our business,” Condon pointed out.

Focusing in his speech on sustainable agriculture, Liam Condon also reaffirmed the commitment of the Crop Science Division to investing in innovation and developing customized agronomic solutions for farmers that address their individual needs and challenges.

In this context, Condon emphasized that the proposed acquisition of Monsanto presents a tremendous opportunity to positively shape the future of farming. “It is our responsibility to ensure that innovation is made available to farmers large and small, all over the world. Only then can we make a meaningful contribution to ensuring a sustainable world food system.”

Bayer is also committed to helping meet the UN Sustainable Development Goals that are related to combating hunger and poverty and promoting good health and well-being, sustainable cities and communities, responsible consumption and production patterns as well as climate action and partnering.