Magazine article Black Enterprise

Sowing the Seeds of Tomorrow: Michael Martin Has Grown a Successful Career in Agribusiness

Magazine article Black Enterprise

Sowing the Seeds of Tomorrow: Michael Martin Has Grown a Successful Career in Agribusiness

Article excerpt

Michael Martin planted his first corn crop as a teenager--his sights set on winning an award from the Future Farmers of America. But when the Southern Corn Leaf Blight epidemic of 1970 devastated his crop, Martin was given an entirely different gift: the county extension agent sat him down and explained the genetics of resistance, and in a moment of clarity, a career was born.

Today, as Advanta Seeds worldwide manager for dent and tropical corn, two of the many varieties arown, the Orrville, Alabama, native, is responsible for designing and helping to implement a strategy that will expand the company's presence in all the major corn seed markets of the world.

As the No. 1 commercial seed industry in the world, corn is big business. The annual retail value of corn seed planted in this country alone is estimated at $1.8 billion. Globally, 325 million acres are seeded with corn each year, with the U.S. leading the way at 82 million acres. In addition to being our planet's top livestock feed grain, corn boasts over 3,500 uses, including human consumption, ethanol fuel and environmentally safe detergents, inks and paints. Corn is the most diversely utilized crop grown.

To better compete in this massive field, last August, Zeneca Seeds of Britain and the Netherlands-based Royal Vander Have Group merged to form Advanta Seeds. Increased geographical coverage has given this hybrid company a critical mass of market share, resulting in big player status. With projected annual sales of over half a billion dollars, Advanta is the world's largest supplier of sunflower and canola seeds. In corn, however, they rank in the top five.

"Corn is the world's major strategic crop," explains the 41-year-old Martin, who took office shortly after the merger. "For Advanta to hold long-term status in the seed market, our position must rise. …

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