Richardson International Sustainability Report 2022

2.0 | Lead with Agronomy

What is Modern Agriculture?

Relevance to Our Business A successful farm is a sustainable farm – and vice versa. Our agribusiness division supports growers to enhance crop production and farm operation profitability. To achieve both of these goals, agricultural innovation and sustainability are top priorities. Richardson leads with agronomy and supports these efforts with digital agriculture. Our boots-on-the- ground agronomists work directly with growers in crop planning, soil sampling, and field scouting and work under the following principles: Understanding farm operations. Richardson conducts crop planning activities annually with 75-80% of all grower customers, allowing both the grower and our business to better understand farming operations and apply sustainable cropping decisions.

Modern agriculture describes the evolving approach to agricultural innovations and farming practices that helps grower increase efficiencies while using land more effectively. Its goal is to increase productivity, making food more accessible and affordable. It describes practices which have, over decades, liberated societies from poverty and hard agricultural labour. Richardson supports Canadian growers who are paving the standard for innovative practices and tools that preserve the integrity of the environment and ensure production continuity. We take an optimistic view toward human capabilities and the power of technological innovation to move sustainability in the right direction.

Conservation tillage. Minimizing soil disturbance reduces erosion and nutrient loss and allows organic material to build, resulting in healthier soil.

Maximizing crop diversity. A well-designed crop rotation helps reduce the need for higher volumes of crop nutrient products and crop protection products, improves soil structure and health, and increases farm resilience.

Managing nutrients. Best practices in crop nutrient use optimizes plant nutrient uptake, increases yield, and maximizes grower ROI, all while achieving verifiable reductions in emissions.

20 | RICHARDSON INTERNATIONAL SUSTAINABILITY REPORT 2022

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