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MOSAIC, BIOCONSORTIA TO COLLABORATE ON NEW NITROGEN-FIXING MICROBIAL PRODUCTS
Source: Mosaic news release

Tampa, FL - The Mosaic Company (NYSE:MOS) today announced an agreement with BioConsortia, Inc. to collaborate to develop and launch nitrogen-fixing microbial products to increase yields on corn, wheat and other major non-legume row crops.

The collaboration will use BioConsortia's patented Advanced Microbial Selection (AMS) process and other proprietary tools to develop the most robust and innovative microbials capable of colonizing a non-legume crop such as corn.

The addition of robust nitrogen-fixing microbials uses the natural soil-plant process of nitrogen fixation, reducing the reliance on synthetic forms of nitrogen while still meeting the nutrient needs of the crop for its growth and development. The use of the products as part of a balanced crop nutrition plan can help farmers optimize the use of their fertilizer inputs and improve profitability.

"This collaboration, alongside the recent introduction of Susterra fertilizer, is one of several steps Mosaic intends to take to build out a soil health portfolio," said Walt Precourt, Mosaic Senior Vice President-Strategy and Growth. "Our commitment to nutrient stewardship and providing advances in soil health make these products a natural extension of our ability to help Mosaic customers achieve their goals."

Under the agreement, Mosaic will have exclusive rights to the nitrogen-fixing technology in the Americas, initially focused on corn, wheat, cotton and sugarcane.


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