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Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O...

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Pal Øystein Stormorken is a VP in Partnrship Strategy for Yara Digital Farming. He has more than 20 years of experience from International Executive positions held in various Industrial verticals, in particular from Agriculture representing Yara International within Strategy, Business Development and Operational Regional and Country Management. For the last 3 years, Stormorken has been executing an Executive position in Yara International’s initiative building the Global Digital Leader within Crop Nutrition. Pal O Stormorken, VP, Yara Digital Farming 2
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Page 1: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Pal Øystein Stormorken is a VP in Partnrship Strategy for Yara Digital

Farming.

He has more than 20 years of experience from International

Executive positions held in various Industrial verticals, in particular

from Agriculture representing Yara International within Strategy,

Business Development and Operational Regional and Country

Management.

For the last 3 years, Stormorken has been executing an Executive

position in Yara International’s initiative building the Global Digital

Leader within Crop Nutrition.

Pal O Stormorken, VP, Yara Digital Farming

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Page 2: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Industry impulse

Pal O StormorkenVP Partnership StrategyYara Digital Farming

Pal O Stormorken, VP, Partnership Strategy, Yara Digital FarmingPal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 3: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Our Mission

Responsibly feed the world and protect the planet.

Our Vision

A collaborative society; a world without hunger;a planet respected.

Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 4: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Yara approach on the fundaments of the ag digitalization

Step change in productivity and environmental performance of crop processes is possible and realistic

– Processes still not data based and limited industrialization

– Still under-utilized or immature technologies and services

– Requires a holistic, synergic approach combining different technologies

Data is the foundation for the change

– no data > potentials of AI, machine learning, technology development remains “locked”

Data is owned by the farmer

– used by Yara to deliver value > can be withdrawn by the farmer

– data is combined with the generic data such as weather data

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Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 6: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

PROFITABLE GROWTH

What is the value chain really looking for?

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VALIO ANSWER AT FARM LEVEL

Competitive supply Reduced operational costs

Consistent supply Quality and productivity

Sustainable supply Traceability of best environmental practices

Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 7: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Background for the Valio-Yara partnership

• Valio in a transformation mode related to future farm structure and end-user driven sustainability expectations

• Valio dairy farmers face financial problems due significant reduction in milk price due to western sanctions against Russia

• High silage grass potential in Finland but slow development of yield level

• ”Low input” approach of research

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Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 8: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

R&D project: Leveraging productivity

• Based on the project trials, take farmer

from the current yield response level

(black curve) to significantly higher yield

response level (two green lines)

• .35 % better nitrogen efficiency and

corresponding yield response

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y = -0.0522x2 + 48.873x + 2805.5R² = 0.997 Maaninka

y = -0.0563x2 + 46.067x + 4376.5R² = 0.994 Ruukki

0

2000

4000

6000

8000

10000

12000

14000

16000

0 100 200 300 400 500

Annual DM yield kg/ha

N fertilization rate kg/ha/v

Effect of N fertilization on grass yield at Maaninka and Ruukki in 2015 vs old studies

- averages over Grindstadt, Nuutti and Valtteri, 1st prod year

Salo et al 2013

Maaninka

Ruukki

Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 9: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Developing best practices protocol with the farmer

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10 PILOT FARMS

YARA & Valio

Yara crop programs

Standardized grassland

crop production

Carbon footprintcalculator

Precision farming

technology

Operating rental model

Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 10: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Strong value generation for dairy farmers

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Crop nutrition :+200 kg/ha of YaraMila

Silage yield :+2 000 kg dm/ha

Silage production cost :-0.6€ per kg of dry matter

Milkproduction cost :-0.4€ per liter

€180 M at stake for Finnish dairy farmers

Pal O Stormorken, VP, Partnership Strategy, Yara Digital Farming

Page 11: Pal O Stormorken, VP, YaraDigital Farming - Swiss Re › dam › jcr:7122aae3-3f94-47a5-af8d...Pal O Stormorken , VP, Partnership Strategy, Yara Digital Farming Developing best practices

Legal notice

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©2019 Swiss Re. All rights reserved. You are not permitted to create any modifications or derivative works of this presentation or webinar or to use it for commercial or other public purposes without the prior written permission of Swiss Re.

The information and opinions contained in the presentation are provided as at the date of the presentation and are subject to change without notice. Although the information used was taken from reliable sources, Swiss Re does not accept any responsibility for the accuracy or comprehensiveness of the details given. All liability for the accuracy and completeness thereof or for any damage or loss resulting from the use of the information contained in this presentation is expressly excluded. Under no circumstances shall Swiss Re or its Group companies be liable for any financial or consequential loss relating to this presentation.

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