SOURCE: AgraQuest

AgraQuest

September 27, 2010 19:23 ET

AgraQuest Executives Highlight the Potential for Big Returns From Biopesticide Investment

DAVIS, CA--(Marketwire - September 27, 2010) -  Growing awareness of looming population growth and the need to increase productivity and sustainability of agricultural practices around the world are creating markets for technologies that minimize the impact of agriculture on the environment, so say leaders of AgraQuest Inc., a California-based biopesticide manufacturer revolutionizing food production.

On September 14 at Agriculture 2.0 - Global Markets held in New York, AgraQuest CEO Marcus Meadows-Smith highlighted the need for innovative approaches to producing food. The event showcased entrepreneurs who are working to solve some of the greatest problems facing the world's food system. Meadows-Smith detailed the "low chem" production approach advocated by AgraQuest.

"Growers use biopesticides in concert with the best synthetic pesticides to maintain the high yields needed to feed our growing planet and to reduce the chemical load on the environment, on farm workers and on the eventual food product," said Meadows-Smith. 

At the Opportunity Green Business Conference held in Los Angeles a week later, Ashish Malik, AgraQuest's Senior VP of Marketing, also emphasized the difficulties faced by growers who must produce more food from a limited pool of resources. 

Malik challenged meeting participants, "Food is our most basic need. We must find a way to balance the need to increase food production for our growing population while we safeguard or even improve the environment."

Malik went on to highlight the triple bottom line potential of biopesticides and "low chem" agriculture, "By improving the way we grow food, we can deliver social, ecological and economic profit." 

AgraQuest estimates the market for these innovative technologies for agriculture will grow to $10-20 billion in the coming years.

About AgraQuest, Inc.
AgraQuest is a biotechnology company focused on discovering, manufacturing and marketing highly effective pest management products for agricultural, institutional and home markets. The company holds a large portfolio of its own proprietary products, as well as actively in-licenses technology that fits into its low chem portfolio. As a leader in green agriculture and the emerging low chem sector, AgraQuest works to provide growers with solutions that offer best in class control while reducing the chemical load on the environment and creating sustainable agriculture opportunities. The Agrochemical division of AgraQuest offers a global portfolio of products -- recognized as safer to beneficials, workers and the environment -- that includes SERENADE®, SERENADE® Garden, SERENADE SOIL™, RHAPSODY®, SONATA®, and BALLAD® fungicides, and REQUIEM® insecticide. AgraQuest's BioInnovations division provides the company an avenue to take biological and low-chemical technology created for the agriculture industry and discover innovative uses for it in related markets. AgraQuest has received several environmental awards including the Presidential Green Chemistry Award from the U.S. EPA for the discovery and commercialization of SERENADE. It also received the prestigious Global Frost & Sullivan Growth Leadership Award in 2009 for the biopesticides market. For more information visit www.agraquest.com.