GFM Network News


Bayer takes major writedown, flags Roundup settlement bill

Company writes down agribusiness assets

Frankfurt | Reuters — Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (C$14.2 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal. The company said the write-downs, driven by weaker demand from farmers due to

U.S. EPA approves XtendiMax use for five years

Court ruling had blocked dicamba sales

Chicago | Reuters — The U.S. Environmental Protection Agency will allow farmers for the next five years to spray crops with a Bayer herbicide whose sales were blocked by a U.S. appeals court in June, EPA administrator Andrew Wheeler said Tuesday. XtendiMax, a dicamba-based herbicide that is sprayed on soybeans and cotton genetically engineered to



Farmer and activist Percy Schmeiser, 89

Thorn in Monsanto's side also the subject of a new major film

Funeral services are to be held and livestreamed Saturday for Prairie farmer, businessman and activist Percy Schmeiser, best known for his ultimately unsuccessful court battles with the company behind Roundup Ready canola. Schmeiser, who farmed at Bruno, Sask., about 90 km east of Saskatoon, died Tuesday at age 89. According to Saskatchewan media, he had

Bayer plans more cost cuts, impairment charges

Pandemic now expected to hit crop science wing

Berlin | Reuters — German drugs and chemical company Bayer announced plans on Wednesday for more than 1.5 billion euros (C$2.34 billion) of cost cuts as of 2024 and said it would take impairment charges on its agricultural business as it battles with low commodity prices. Bayer said that the impact of the coronavirus on


Bayer resolves more U.S. Roundup cases

Judge keeps pause on litigation

Reuters — Attorneys for Bayer and U.S. consumers suing the company over allegations its Roundup herbicide caused cancer told a judge on Thursday they are continuing to resolve thousands more U.S. cases, improving prospects for its US$11 billion deal to end the litigation. The hearing was a contrast to the contentious tone among the parties


Bayer books second-quarter loss after settlement

Frankfurt | Reuters — German drugs and pesticides group Bayer reported a 9.5 billion-euro (C$14.86 billion) net loss for its second quarter, following a US$10.9 billion settlement of U.S. lawsuits claiming that its Roundup herbicide caused cancer. The charges stemmed mainly from agreements which attempted to wrap up legal disputes inherited with its US$63 billion


Comment: Bayer settlement aimed at getting back to business

Lawsuit was putting the safety of glyphosate in the legal realm, not the scientific

Imagine buying a house that you’ve always had your eye on only to learn that some seemingly fixable flaws were actually masking a much more deeply rooted problem. That’s the situation Bayer CropScience found itself in shortly after sealing its US$63-billion takeover bid for rival life science company Monsanto in 2018. It became clear early

Bayer launches carbon capture pilot for U.S., Brazilian farmers

Chem and seed firm expects to expand plan to other countries

Chicago | Reuters — Bayer launched a pilot program in the United States and Brazil on Tuesday that will pay farmers for capturing carbon in cropland soils, making it the latest agriculture company to capitalize on environmental initiatives. The company seeks to enroll about 1,200 row crop growers in its Bayer Carbon Initiative in the