WASHINGTON, DC – As farmers depend on new technologies and products to help maximize the use of available land, the crop protection industry needs sound intellectual property (IP) rights protections to help in their product development. The research and development committed by the member companies of CropLife America (CLA) help to ensure a future abundant food supply, yet the investment made to create new products is monumental. CLA supports protecting its members’ IP rights, and ultimately encouraging a business environment that fosters continued discovery and change.
“Constant advancements and innovations are an important part of modern agriculture, and help create additional food, fuel and fiber in the face of shrinking available resources,” said Jay Vroom, president and CEO of CLA. “Our members make a heavy investment in their products – with the ultimate benefit falling on the consumer. All of us depend on a consistent supply of food and it is the products of our members which make that happen. As we celebrate ‘World Intellectual Property Day’ this week, it is a great opportunity to remind consumers that innovation is a major pillar in the miracle of modern agriculture.”
A recent report showed that the investment in new products and technologies continues to grow. According to the report by Phillips McDougall, a global market research firm, CLA members have witnessed a nearly 40% increase in investment expenditure over the past decade in the discovery, development and registration of new pest and disease prevention products in the U.S. and Europe. Discovery and development for new crop protection products reached an average of $256 million in 2005-2008, a 39.1% increase over 2000. As food production must increase by up to 50 percent to meet the growing world population, it is vital to continue supporting this investment through IP protection.
“Given the efforts of our members to support modern agriculture across the world, it is increasingly important that IP protection be consistent and implemented on a global scale,” continued Vroom. “Reliable and adequate IP protection is essential to the ongoing development of newer and more sophisticated products to better serve farmers’ needs.”
Established in 2001, World Intellectual Property Day was created by the World Intellectual Property Organization, part of the United Nations.