Aanika Biosciences unveils new product to trace drift of agrochemicals

Aanika Biosciences, Inc. will be discussing a new product today, allowing manufacturers, retailers, applicators and farmers to trace the drift of agrochemcials. Spray drift is a major problem in agriculture. Dicamba was recently banned by the EPA due to labeling issues, which stem from the allegation that the off-target movement of the chemical damaged over 4 million acres of soy beans alone ($2.4 BILLION in damages). But drift is much larger than even dicamba. Bayer BASF and Syngenta and other agrochemical companies face massive liabilities around around this issue and are potentially on the hook for billions of dollars. These cases all hinge on the fact that it is difficult to actually determine whether or not drift has occurred and from where. Right now, farmers and regulators look at leaf curling on their crops and conduct some testing, but these methods fall short considering the material impact of these cases. Bayer stock is down 70% over the past few years. To this end, Jamie Richards, PhD and Daniel J. Luciano, PhD have successfully demonstrated that our proprietary biological tags CAN TRACE CHEMICAL SPRAY DRIFT with over 95% accuracy. Our low-cost, highly robust tags can allow individual batches of these chemicals to contain a unique, USDA, APHIS, FDA, EPA compliant marker, in every application of glyphosate or dicamba. Not only would this allow for a more responsible method of deploying these products but also potentially limiting the liability of everyone involved and quantifying where drift is actually occurs. Coupled with weather data and spray logs, our technology is the missing dataset necessary to assess what is truly happening. This could not only save companies hundreds of millions in litigation costs (perhaps much more), but help manufacturers enhance the safety of their agrochemical products. This could also help provide better insurance coverage for all stakeholders. To learn more about this ground breaking work, please attend our online event today at 12pm ET. 👇🏾👇🏾👇🏾 https://lnkd.in/epBSVG7G #agrochemicals #agriculture #monsanto #farming #drift

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T. Simon Reid

Social Impact Director | Innovator & Fundraiser | Expert in Governance, Capital Raising, Donor/Investor Relations | Passionate About Environmental Regeneration 🌍 Coach | Advisor | Storyteller

9mo

I wasn't able to make it to today's online event Vishaal Bhuyan, but I'm very interested in learning more about your technology and how it works. This is a material issue in agriculture and I'm glad you're addressing it!

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