Mosaic Announces New Soil Health Agreement with Sound Agriculture
The co-developed product is expected to launch in the United States by 2023, before rolling out to additional markets throughout the Americas, with focus on Brazil, Argentina and Canada. Sound Agriculture will focus on manufacturing of the active ingredient and product formulation, while Mosaic will oversee field development, regulatory, sales and marketing efforts. Initially, the product will be available for use as an in-season application on corn and soybeans, with the potential to expand to additional row crops such as wheat, cotton, rice, sugarcane, coffee and others.
This agreement adds to a number of other moves in the soil health space. Sus-Terra fertilizer by Mosaic was announced last year with production beginning this month, and last December we announced an agreement with BioConsortia to collaborate on new nitrogen-fixing microbial products. Mosaic also recently completed investments in the Brazil venture capital firm, SP Ventures, and U.S.-based Lewis and Clark Ventures, and joined the Plug and Play Tech Center rounding out our global capabilities in technology scouting.
Read the full press release here.