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Investor Presentaiton

A Hybrid Maize Story Chapter 1: Growers in central Illinois are in the heart of the U.S. Corn Belt. They need a high-yielding hybrid that performs well in moderate temperatures and on non-irrigated land. They also need hybrids with insect tolerance and strong roots. With those needs in mind, Pioneer researchers begin the hybrid development process. The first step is to develop inbreds and evaluate them for characteristics sought by customers. Chapter 2: The researchers at the Illinois research center spot a promising inbred. Because it consistently delivers high yield, it is identified as a potential female parent. The researchers begin using this female to develop experimental hybrids across the Pioneer global network. A hybrid exhibits traits from both parents, so researchers carefully evaluate the experimental hybrids to see which has the best combination of traits. But, the story doesn't end here. Chapter 3: Researchers at a station in central Nebraska have their eyes on another high-performing inbred. Nebraska is on the western edge of the U.S. Corn Belt, and is generally a dryer environment than environments like central Illinois. Therefore, growers need hybrids with tolerance to heat and drought. The inbred selected at Nebraska has consistently performed at the top of each generation. Because it sheds large quantities of pollen during an extended period of time, it is identified as a male inbred. Chapter 4: The crucial point in the story: the inbreds from Illinois and Nebraska are crossed, and researchers immediately take notice. The experimental hybrid is high yielding and has a stable package of agronomic traits. It is advanced to the next round of testing. This is no small feat, because every year thousands of new experimental hybrids are tested, and only the very best are eventually commercialized as PioneerⓇ brand hybrids. Researcher Shifu Zhen examines plants in the greenhouses. 13
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