Seeds, at the heart of world food challenges
By the year 2050, food production will need to be increased by 60%, in order to feed almost 10 billion people and thus meet the needs of the world’s growing population. It will therefore be necessary to produce more and produce better in a context marked by the erosion of arable land and growing conditions are becoming more complex.
Vilmorin & Cie’s ambition is to contribute to meeting world food challenges by developing more efficient seeds (yield, disease resistance, better adaptation to different climates and regions, etc.).
A world leader in seeds
Vilmorin & Cie is one of the world leaders of the seeds sector. It develops business around three activities, two of which represent its core business: vegetable seeds and field seeds, along with the garden seeds activity.
As No. 1 worldwide for vegetable seeds and No.6 worldwide for Field Seeds, Vilmorin & Cie relies on sustained investment in research and a strong international development strategy to sustainably strengthen its competitive positions.
A specific development model
Vilmorin & Cie’s development model relies on three major, singular advantages: a single core business of seeds, close proximity to its markets and a long-term vision of its development. This development model draws strength from the fact it adheres to three founding values, shared with its reference Shareholder Limagrain: progress, perseverance and cooperation.
It is also founded on nearly 280 years of prestigious history dedicated to plant improvement.
A single core business of seeds
Vilmorin & Cie is a pure play seed company, not involved in agrochemicals.
Active throughout the value chain, from research to distribution, Vilmorin & Cie controls all the stages in the seed business, proposing high quality seeds, perfectly adapted to each of its target markets.
Close proximity to its markets
Vilmorin & Cie has chosen to organize each of its activities around Business Units, in order to focus on proximity to its multiple markets.
This organization model, specific to Vilmorin & Cie, is a great strength. It guarantees very close proximity to its customers, excellent knowledge of its markets, which are highly segmented both in terms of products and regions, along with a real capacity to anticipate and to react.
A long-term vision of its development
The long-term is in the very nature of the profession of farmers and seed producers since on average it takes 7 to 10 years to create a new seed variety.
Vilmorin & Cie’s long-term vision is strengthened by the consistent accompaniment of Limagrain, whose culture and governance model encourage lasting strategic choices.
(1) Bearing in mind the application of the standard IFRS 11, AgReliant (a 50/50 joint venture with the German seed group KWS) has been recorded in the accounts using the equity method since fiscal year 2014-2015.
(2) Including the Holdings.
(3) Compensation for these services and the corresponding flows are set out in Note 34 of the Notes to Vilmorin & Cie’s consolidated financial statements.