CONVENIENCE

• Highest quality and highest yielding product vs. bin-run

• Meets quality standards of seed company

• Professionally handled and rigorously tested

• Dramatically reduces splits and foreign matter

• Ensures varietal purity

• Germination tests to ensure peace of mind

• Weed-free

• Reliable seed supply in many maturities

• Access to the most elite germplasm

• Income lost by not selling as commodity grain (e.g. 1 bushel of bin-run seed multiplied by the price of a soybean bushel)

• Average loss of ~ 10-15% cleanout at harvest for bin-run seed

• Handling and transportation costs for bin-run
  (approx. $.35-$.75/bushel)

• Bin-run planting rates are generally 15% higher than new certified seed

• New seed yields an average of 1.8 bushel/acre more than bin-run (University yield trials range from 1.2-5.9 bushel/acre)

• Dealer agronomic support before and after the sale

• Risk management benefits of Roundup Rewards® (over $500 million paid to growers since 1997)

• Royalties provide research and development of new traits and higher yielding germplasm

• Monsanto research and development spent $588 million in 2005

• Monsanto is 100% committed to agriculture

• New trait introductions

• 7- 9 years for commercialization

• $50-$100 million in total costs for a new biotech trait

• Seed companies and Monsanto are committed to our customers’ success

See your dealer for a copy of the 2006 Roundup Rewards® brochure for qualification criteria, program requirements and full benefits. Roundup Rewards® applies only to

Roundup® branded and other agricultural herbicides specified by Monsanto. Roundup® and Roundup Rewards® are registered trademarks of Monsanto Technology LLC.

© 2006 Monsanto Company