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INTERNAL USE ONLY Ag Innovations ASFMRA Pioneer Hybrids Lonnie Smith

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INTERNAL USE ONLY 3 Pioneer Fundamentals Commitment, Innovation, Customer Success Henry A. Wallace Was committed to increasing farmer productivity and profitability Founded the first company to commercialize a revolutionary technology - hybrid seed corn Directly linked company success to customer success

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INTERNAL USE ONLY 5 Herculex Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. Herculex and the HX logo are registered trademarks of Dow AgroSciences LLC. Ignite, LibertyLink and the Water Droplet Design are registered trademarks of Bayer. Roundup Ready is a registered trademark used under license from Monsanto Company. Optimum AQUAmax hybrids Native trait approach driven by AYT system Native tolerance + AYT system technology Targeted drought screening AYT system technology Molecular markers Laser Assisted Seed Selection (LASS) Precision phenotyping Whole genome molecular prediction Target market: dryland & limited irrigation acres Superior germplasm Selecting for drought tolerance since 1950s Utilizing global genetic diversity Industry-leading drought tolerance genetic pool Transgenic + native trait approaches Robust pipeline of proprietary leads Targeted drought screening FAST corn technology AYT system technology, molecular markers Whole genome molecular prediction Broad acreage applications Industry-leading HYBRIDS Power of genetics through NATIVE TRAITS Next generation TRANSGENIC TRAITS 35F44

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INTERNAL USE ONLY 6 P1498HR (114 CRM) P0210HR (102 CRM) P0791HR (107 CRM) P1151HR (111 CRM) P1324HR (113 CRM)

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INTERNAL USE ONLY 7 2010 Grower System Trials Normal 3000 5000 Over In 223 on-farm comparisons, product advancement tests, and research trials in 2008-2010 in water-limited environments concentrated in NE, CO, KS, OK, TX, and controlled stress evaluations in California and Chile. Optimum AQUAmax hybrids were tested against leading commercially-available competitor and Pioneer hybrids. Optimum AQUAmax hybrids demonstrated a 5.0 percent average yield advantage over the leading commercial checks tested.

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INTERNAL USE ONLY 8 Industrys first in-the-bag solution for corn rootworm refuge Reduces CRW refuge Corn borer refuge may be placed up to mile away Corn borer refuge option for Optimum AcreMax 1 system Allows deployment of integrated CRW technology on 100% of corn acres Potential for use as standalone CRW product Optimum AcreMax 1 System Traditional refuge requirement (triple-stack products ) Simplified refuge options Herculex Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. Herculex and the HX logo are registered trademarks of Dow AgroSciences LLC. Poncho, Ignite, and LibertyLink are registered trademarks of Bayer. Roundup Ready is a registered trademark of Monsanto Company. AM1 - Optimum AcreMax 1 Insect Protection System with an integrated corn rootworm refuge solution. AMRW-R - Optimum AcreMax RW Rootworm Protection system with a single-bag integrated corn rootworm refuge solution. Do not spray with Ignite/ Liberty. Not all seeds in the bag are tolerant to Ignite/Liberty herbicides.

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INTERNAL USE ONLY 9 Optimum AcreMax & Optimum AcreMax Xtra* Choice of integrated single-bag refuge offerings Benefits to Growers Designed to deliver maximum flexibility and convenience for insect refuge management Maximized farm yields Optimum AcreMax for above-ground protection (HX1 x YGCB) Optimum AcreMax Xtra for above and below ground protection (HXX x YGCB) Maximized Farm Yields BENEFITS AT-A-GLANCE Technology Preservation Simplifies Refuge Optimum AcreMax Xtra System Concept Todays Refuge 2010 Pioneer On-FarmTrials 25 locations26 locations Bushels/Acre 2010 Technology Advancement Trails. All comparisons made between technology options in the same hybrid family. Herculex Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. Herculex is a registered trademark of Dow AgroSciences LLC. *Optimum AcreMax and Optimum AcreMax Xtra insect protection products are not yet available for sale or use. Products, benefits and concepts described are subject to full regulatory approval and field testing.. YieldGard Corn Borer and Roundup are registered trademarks used under license from Monsanto Company. Ignite , LibertyLink and the Water Droplet Design are registered trademarks of Bayer.

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INTERNAL USE ONLY 10 Plenish TM High Oleic Soybeans Biotech soybean with consumer benefits Highest oleic content in soy Soy-based trans fat solution with 20% less saturated fat than commodity soybean oil Enhanced functionality for food preparation Industrial application benefits Plenish TM soybeans will be Pioneer brand Y series varieties Grown under contract for ongoing field and oil testing in 2010 and 2011; commercialization anticipated in 2012, upon full regulatory approval and field testing

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