1. AgVenture LibertyLink Update

2. Market Overview LibertyLink Acres (M)
LibertyLink® soybeans gained additional share in 2015
Total soybean acres: M %
LibertyLink soybean acres: M +26%
LibertyLink soybeans are now on 5.5% of available soybean acres.
LibertyLink Acres (M)
*GfK 2015 TraitTrak, LibertyLink GPOS, Bayer estimates

3. Weed resistance is moving north
Glyphosate-Resistance Continues to Spread Across Soybean, Cotton, Corn and Canola Acres
Weed resistance is moving north
States that saw the largest growth of glyphosate-resistant acres in the last 2 years were in the Midwest.
Glyphosate resistance is spreading
61M acres in 2012
70M acres in 2013
84M acres in 2014
XXM acres in 2015
More growers surveyed are saying they have resistant weeds
44% in 2012
51% in 2013
58% in 2014
XX% In 2015
Weed Resistance Option 2
Legend
500K to 999K
250K to 499K
100K to 249K
0 to 99K
Source: Stratus “Glyphosate Resistance Tracking USA 2014” report; USDA Crop Report June 30, 2014

4. LibertyLink® Plan for Growth
Target
Strategy
Objective
Resistant Acres
Grow Acres
LibertyLink® Growth
Non-Resistant Acres
Acquire New Growers
Setup is Two Trends – Growing Resistance and The need to steward existing technologies.
Current = Resistant
Future = Resistant and NonResistant. How can we conquer these non-resistant acres together?

5. Positioning LibertyLink® vs. RR2Y and Roundup Xtend™
Roundup Ready 2 Yield®
Roundup Xtend
Yield Performance
Excellent
+2.1 bu/a vs. RR2Y
Good to excellent
Good to excellent expected
Weed Control
Resistance Spreading (14 resistant weeds today)
Good
(no grass control with dicamba, 2 resistant weeds today)
Neighbor Friendly
High
Low
(volatility concerns, 400 ft. buffers in AR)
Source: BCS internal analysis. Roundup Ready 2 Yield and Roundup Xtend are trademarks of Monsanto

7. LibertyLink® will become a foundation trait for the U. S
LibertyLink® will become a foundation trait for the U.S. Soybean Market

8. Wrap-Up Key Actions/Decisions Summary 2016 Final Momentum tactics
2016 Production for 2017
2017 Pricing – January guidance; final prior to May 1
Summary
Growers need IWM solutions
LibertyLink® is a proven solution for all acres
Bayer is increasing annual and long term investments in supporting your business

9. Thank You Questions? Always read and follow the label instructions
Bayer (reg’d), the Bayer Cross (reg’d), Liberty®, LibertyLink®, Balance™ and Inseed® are trademarks of Bayer. RoundUp Ready 2 Yield® and RoundUp Xtend™ are trademarks of Monsanto