would which think I fiscal has today this reporting to to like substantial the made, that welcome and really just opportunity and important the and you recap call. and we Matt much, everyone was and today. that ended on S&W XXXX we’re that to very year Thank in use that progress
all you couple really did large transactions of and important company, the XXXX. a follow we in know, As who
XXXX first the acquisition in a The October market was the in was U.S. assets. important Chromatin world. and the the of of company around closing in Chromatin large, sorghum
they versus all year, resistance In price germplasm, XXXX its production company the kind had And its we plants, sales not top the $X.XX in able of the been five, were production assets, we stations, that and go-to-market organization to in probably, sales the assets at its And we to if the all breeding acquire sorghum. have cost most a to marketing able the herbicide ready of much in were had us, if its fiscal in were $X difficulty products next technology that importantly, breeding financially. company year. the S&W of and do that – probably and what so and the
which process. us, complete. able for we competitive So It opportunity that was were was a a huge to
big So European company we we outbid a had for the asset. that
were I the pleased that in Chromatin we assets to acquisition. summarized those So just very acquire
were at to that we a understood sell In just who the I also good in things at think addition, who we we things showed guys price, how could people right – XXXX buy the price. were we not but
they Corteva. be ago acquired now We business. reorganized those was second wanted alfalfa $XX alfalfa And bought a back five back to we that to sold million. from, that the years under so decided Corteva for we the original about our assets sale into of transaction seller in had it
back and production germplasm, Americas all the rest So in restart where of research facilities so in business to we been profits research and we earned we them, of research and really a that plant and the out the from what that with the program. of cut remaining the have kept contract the basically And world. them the couple the deal production our the was sold of our we could would again, years our selections that on existing alfalfa and
that But basically customers that need ones And they in our be the sold next three for that the new products years. own them selling. will from there remains all program is we the for of plenty Corteva of that different inventory would
sum contract. varieties that $XX license million was transaction $XX and the million inventory total of the value So production and in the for about million, $XX
that that It S&W, assets just a by that make get it finally that, through company of the our paid been to really give off focus to allowed in improved sales and of room the and to that And all sheet debt acquisition. future the valuation continue was acquisitions, to market’s allowed much our me was some in with least, left around also marketing a given sale us all business alfalfa we our it us us tremendous given appears has our the plan. the to and it Americas – alfalfa always markets balance the our of world, this at need part the business, us organization which
like old, roughly a acquired by buying eight wasn’t up in I for it. done varieties license, million. $X.X that invested probably just paid We seven XX-year transaction pleased extremely exclusive to a XXXX. we’ve purchased assets, the a Corteva. million were wheat fiscal those up Australia on the both one, it it license third of for one, in XX, announced transactions, from but We year, August selling paid $XX or mention in was It has assets. we that – So XXXX years program
future the reasonable our I about world. Australian again, and very value ability around market recognize So, have a those market different XX to The market. to think S&W acre very any a than assets It’s other wheat acquired is it that price. at wheat shows million
known large a is market. what as So there’s, royalty. endpoint it’s And really
of a organized at government So by royalty Australian that create proprietary the seed the are products elevator wheat companies industry, the do to so that that the are before the externally final use wheat has grain that paid world. varieties breeding purchaser and the new shipped either produced and to of or countries, is wheat to within about countries Australia XX% other to – around in the their internally Asian Asian Australia other goes the
opportunity. So think it’s a we great
in to us. you kind be and seed the have We are coming the market, business, And varieties Corteva in the rights those – that royalties the so has will we to to be major – three the of patient. acquired
than finish. more took deal year to this So, a
and a breeding really in highly the Australia. think Willey. the And in Nick we plus it turned In the got took year, research we’re that pleased operations wheat he’s the the under happy the deal represents happy over in a XXXX, he’d think opportunity and we breeder, guy Australia. And of out. wheat supervising we’re hired it But been we future other in how wheat with program, with program. who super S&W, all that we’re We wheat breeder with that
tariff have to Asian having USA think sector given all is of We wars very, and the difficult markets and all to the that is hedge the way in China the U.S. ag assets Americas, the about, we of future read U.S. that in U.S. and And environment between been us U.S.-China the a the Australia for sort yet proper. really very especially out against issues current figured which outside and that with these other between not good China. the on tariff that political access
the thing, price – that acquisitions very, very the company the important existing or is that’s thing acquisitions In year in of so But for wanted XXXX, into three those what say selling company one new of to made. on for I and S&W. but that operations. important are acquisitions think But again, was integration I sale the buying all we the well, it two at – right any a
So that own the acquisitions is can company its future. self-funding profitable, in the and fund
integration. the there. where last like countries Mexico, the our then focus calls, the Brazil, in couple really have that’s really talked important Argentina, think Americas, markets about the the the South XXXX focus America, year running that we all Panter Canada, U.S., is new of I’ve that’s on other We Don geographic So and for
way who in Middle JV partners our We in and Asia, as there Australian East, our the far all and then our David salespeople to that’s – operations the markets our go. report are running for Callachor, and responsible to assets just the operations, Europe, with where are that have of right Africa think that and separate our international operations And we in David. South those
look that investment tune and marketing the our continue – is believe we customers’ at on rebuild and it focuses that And big We that wasn’t are in you’ll really doing on sales us needs. that. made and our you numbers, customer expenditure that to see purpose. the sales for force sales fine basically of on force XXXX some investing by Chromatin And if in us the for and it allows expense to a
information U.S.. around all especially to more supplying we’re customers world, So, the the in
at program. We’re trialing our looking
We’re people our offerings, on products and our through the media the our not from and communicating networks product the new important That’s social has products done with in past. tried thousands that of true and of sort before. company and farmers something dealer eblast with
internationally, now the And through through able we’re towards where while internationally, to distribution a down the the sell JVs before. Remember, company we into mainly distributors organization farmer. sold bit of little have a we and couple still reach distributors
network in U.S. our farmer our and are the to And dealer build to network other distributors. we then trying for sure,
over products actually farmers’ the S&W because in our market perform power, competitors. that they the more are products understand how more they understand what we influence S&W are of quality have against So field our products can the customers of and – buying,
really that’s well. important. think We going that’s that So
are an looking pretty of Chromatin, consider a businesses, business we about our We’re XX% sort after double-digit roughly really growth year difficult share world rate. an from easy from happy we’re thing difficult are because well, the not especially how integration to that, And which taking existing do. of growing for much, unit existing now aren’t that things tight plus these that this going it’s other people, given is around the ag a task, markets and markets
minutes I a traits. of talk about couple just just like to
alfalfa product seed digestibility hugely that for in at very the well. our traits in In with markers, we’re going is We’ve companies. that germplasm. which is our developing, Calyxt. traits sort the can developed trait development partners the we profitable all Those through looking process two So, alleles are so the
putting far. seen We and with the varieties we’ve of what happy we’re evaluate this to gene pretty are process testing alfalfa our how so with in more digestible out knockout field are
sorghum problem in have a in ACCAs. a corn call, the resistance last we are the compete it’s also, and in we our is of sorghum is second so to just is think on the grass acquisition. This herbicide the our is when a growing grass emerging case is with used of herbicide, And grass can’t addition, I is, grass I’ve a acquired population. which that a sorghum mentioned, wheats the herbicide very that a the wheat It’s from sorghum also. In the how some plants are small really Chromatin trait, and which soil plants trait herbicide is, sorghum,
So farmers of affect spray of over the and sorghum. but all cold grasses, lingo top want crop and sorghum – with not the to these herbicide weedy have the kill farmer this the
of to And spray allows to but not emerging the – a product does, It tolerance. sorghum over grasses, tolerance so herbicide our ACCAs top farmer allows our that what it’s varieties affect the with plant. sorghum herbicides kill ACCAs the our that’s
ACCAs that he’s to enhancement make weeds is getting a is is herbicides. And gene of of spend ACCAs sorghum, reasonable, yield what what acre thing, cost the by that class a some his good more actually the they’re is he to in given So old cost plus it’s have plants. the and the every herbicides. the the the decision controlling going he of for sorghum an class farmer because of relatively for new herbicides, grain cheap can what versus That’s And herbicide. always, for
that will it profit but we positive benefits farmers very a it gene, so they sorghum will the hybrids. that make we acres with us, like to research evaluated of to make their have in that looks our in yields obviously, increased the plant allow think, the farmer that our And but profit trials tolerance, ACCAs the proprietary sorghum our allow also on and a that to on economic
The happy We’ve trials before very and level prior And that I’ve run, good. well. in looks of companies with we’re are resistance going this done our that. pretty field
in many large planning of spring We’re – field locations trial fairly for a XXXX.
nine we or field. herbicide six out react in them next of with the in they as and see as the they of aware months spray everybody how keep we’ll So how ACCAs ground, look, come the those and farmers’
we’re happy So pretty all that. with
teams So progressing are two our really well.
our with partner We’re going with obviously, potential a starting we’re that’s partners, to someone need supply partners, talk to partner, going to to ACCAs. herbicide the We herbicides.
So digestibility in about those excited we’re of in tolerance alfalfa resistance or and gene both herbicide And pretty are ongoing. discussions opportunities, those sorghum.
stevia front, the you the the program moving all is a transferred relationships new part We, as and continue Jeff we’ve tried southeast, program in our he of R&D the really experienced we and program. breeder, to knew where think companies head, On breeding under we things better is are prior who a forward. other from we with Klingenberg, and who the know,
partners we investing season if there discussions crop other in we And are with put a in can will beverage the for be them. be XXXX see these Our forward. continues partner in and the program several products us ground for with production the to moving to supporting
going that’s so well. And
breeding Basically, everybody remind what does, stevianoids different that just our is, program the lots sweetness. to provide within stevia there’s of
we’re out, so or can ones to lines. ones XX amplify important a trying our taking which figure There’s breeding those we in so little And sort of bit. apart and
don’t taste we good, beverages those So ones can maybe taste that have are bitter that and that combine minimize ones or produced more or the products, basically in food a well those. as of the
that, has has so the successful And this completion. it’s a us. happy In expertise could efficient, very to Klingenberg do Jeff everyone very program, complicated but to bring he joined scientifically really breeding it. that And program we’re not
did So, what everybody, remind wanted I remind XXXX. operating standpoint. from that’s in wanted traits to acquisitions and really I of I that say everybody we to wanted to what sort sales stevia really of and important still those is us. the that for offer to XXXX. acquisitions focus of to it’s that still the opportunity But that they important, is S&W, the are integration S&W
I in sorghum as expect, said, a existing growth from XX% unit we business. So our alfalfa and
enough were crop supply the put enough have spring XXXX, when growth We out that that to inventory would be we We to kind we demand. producing that rate. satisfy of sure pretty in the of last
be in well, are along a digestibility build. our of We some we and we We sorghum. are of sort that balance traits off that the but look to at still part our believe think alfalfa us new – coming of want quarter-to-quarter, trying and sheet tolerance big take in strength pressure That’s herbicide what company of to acquisitions. to
into things on. integrate so new So and it, buying at a good what price, about. species, what us existing new we can we all to strategy is that’s it our And getting geographic is continue concentrate our that doing into areas operations
year that people. another strengthened quite good So for XXXX new management added year be team. another we’re excuse marketing will sales XXXX and for hoping We’ve a me, XXXX and we’ve us us really will good really was few like – be our
in XXXX excellent a really So also. we’re year forward to looking
the So S&W XXXX financial please. Matt, looking over will Matt, forward for who the discussion picture with a that, to bit. of I go will through and turn
