Innovation: Changing Trends in Herbicide Discovery
Discovery starts with objectives. We normally find only what we are looking for. Unexpected detections may occur in rare cases. It is, however, very complicated to rely on unknown events from a business point of view. Agrochemical companies develop their research strategies based on agronomic requirements or demands of the consumer of agricultural products, based on economic expectations, on regulatory restrictions, on company strength and on special company portfolio requirements. Herbicides have been an indispensable tool for farmers in developed countries for more than 50 years. High labour costs, energy prices, erosion as an environmental problem and competition resulted in the reduction of mechanical weed control measures and resulted in a leading role of herbicides as agrochemicals. On a global basis, farmers spent around $17 billion annually for herbicides in 2010 or over 40% of all agrochemical expenditure. In the past, every research driven agrochemical company used to invest heavily in herbicide research. Over the last ten years leading companies' total expenditure was approximately $100 to 300 M annually on herbicide research and development.
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Document Type: Research Article
Publication date: 2012-06-01
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