Monsanto’s Genuity Roundup Ready canola genetics and Bayer CropScience’s LibertyLink genetics may soon make their way into either company’s canola seed lineups.
The two companies announced June 29 they’ve agreed to cross-license their canolas’ respective herbicide tolerance traits on a non-exclusive basis, for commercialization within their respective branded canola seed businesses.
Under the global agreement, Monsanto, whose canola genetics business is based in Winnipeg, will grant Bayer CropScience access to Monsanto’s Genuity Roundup Ready canola trait and Bayer CropScience will grant Monsanto access to its LibertyLink tolerance trait for use in canola.
The agreement, the two companies said, also specifies rights of access to future canola traits that either company may introduce.
“LibertyLink and Genuity Roundup Ready are the two leading weed control systems available in the marketplace today and growers will be able to choose our seed with either system, or even both, in about three to four years’ time,” Bayer’s Joachim Schneider said.
“This agreement builds on our practice of broadly licensing our technologies to bring value to western Canadian farmers,” said Neil Arbuckle, Monsanto’s canola business development lead, in the two companies’ release.