Long time reader, first time poster.
Bayer had its big meeting, here’s a quote from a DTN article;
“Condon also highlighted Bayer's new outcome-based pricing system, which the company is running a pilot program on in the U.S, in the hopes that it will become a new pricing paradigm in the industry.
The system involves guaranteeing farmers a yield or outcome from seeds or other inputs. If the farmer falls below that outcome, they pay less for the original input. If they surpass it, they share some of the profits with Bayer. "This is something that we are trialing in the U.S. currently," Condon said. "And initial results look extremely promising. We're expecting to roll it out in the next few years."â€
Long story short, we grow more but have to pay on a sliding scale.
Bayer had its big meeting, here’s a quote from a DTN article;
“Condon also highlighted Bayer's new outcome-based pricing system, which the company is running a pilot program on in the U.S, in the hopes that it will become a new pricing paradigm in the industry.
The system involves guaranteeing farmers a yield or outcome from seeds or other inputs. If the farmer falls below that outcome, they pay less for the original input. If they surpass it, they share some of the profits with Bayer. "This is something that we are trialing in the U.S. currently," Condon said. "And initial results look extremely promising. We're expecting to roll it out in the next few years."â€
Long story short, we grow more but have to pay on a sliding scale.
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