Viterra Inc.
TSX : VT
ASX : VTA

Viterra Inc.

May 02, 2011 13:00 ET

Viterra Partners with the University of Saskatchewan's Crop Development Centre to Develop Improved Wheat and Durum Varieties for Western Canadian Farmers

REGINA, SASKATCHEWAN--(Marketwire - May 2, 2011) - Viterra Inc. (TSX:VT) (ASX:VTA) and the Crop Development Centre (CDC) at the University of Saskatchewan are pleased to announce a long term collaborative agreement to develop improved wheat and durum varieties for Western Canada.

Through this joint effort, Viterra will provide funding to the CDC to support its breeding program, and access to Viterra's prairie wide research network for conducting crop trials.

The focus is to develop hard red spring wheat suited to the Western Prairies, with a special emphasis on issues such as fusarium, wheat midge and sawfly resistance. In durum, the goal is to develop low-cadmium, solid-stemmed, strong gluten varieties with a special emphasis on semolina colour.

"Viterra has a long history of successful collaboration with the Crop Development Centre in wheat and durum development, including well known varieties such as CDC Imagine and CDC Abound. These new agreements will allow Viterra to continue to work with the University, sharing our knowledge and resources to create tailored seed products that help producers maximize their crop investment, resulting in food ingredients that match the exacting specifications of our end use customers," said Doug Wonnacott, Viterra's Senior Vice-President, Agri-products.

Dorothy Murrell, the CDC's Managing Director, agrees, saying, "The CDC and Viterra have worked together for many years on wheat development and plant breeding, and our agreement respecting wheat and durum is a renewal of this long-term relationship. We are delighted to work with Viterra in both wheat and durum variety development – Viterra's funding, and our access to their extensive field testing network, will provide great strength to our ability to develop the genetically-improved varieties which Canadian grain producers and the entire agricultural community rely upon for long-term profitability".

Viterra has a 30 year history of direct involvement in seed research and development, investing 5% of its gross seed sales annually. These research efforts combine Viterra's own breeding capabilities and partnerships with leading seed companies and research institutions. The result is a pipeline of proprietary products marketed under the VT Genetics brand, along with plant varieties available to the farmers of Western Canada through Viterra.

About Viterra

Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has extensive operations across Canada, the United States, Australia, and New Zealand. Our growing international presence also extends to offices in Japan, Singapore, China, Switzerland, Italy, Ukraine, Germany and India. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and processing. Viterra's expertise, close relationships with producers, and superior logistical assets allow the Company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.

About the U of S Crop Development Centre

Located within the College of Agriculture and Bioresources at the University of Saskatchewan, and funded through partnerships with Saskatchewan Ministry of Agriculture, farm organizations and private sector companies, the Crop Development Centre is Saskatchewan's premier plant breeding institute. The CDC develops varieties of spring wheat, durum, canary seed, barley, oat, flax, pea, lentil, chickpea, and dry bean for the economic benefit of farmers and Saskatchewan's agricultural industry. Since its inception in 1971, the CDC has released over 370 new plant varieties.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810
    www.viterra.com

    Crop Development Centre
    Dorothy Murrell
    Managing Director
    (306) 966-5855