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(Dave Bedard photo)
Crops

Monsanto shareholders back Bayer deal

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Chicago | Reuters –– Shareholders of U.S. seeds and agrochemicals company Monsanto approved the company’s US$66 billion acquisition by Bayer on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub
Local news

Scholarships awarded for farm and food students

Monsanto Canada has expanded the focus to also include culinary arts students

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Monsanto is celebrating 25 years of scholarships by expanding its focus just a bit to include six nutrition and culinary arts students, alongside 61 agriculture students. “Our program is still primarily aimed at encouraging young people to pursue careers in agriculture,” said Kelly Funke, public affairs manager with Monsanto Canada. “But we see food as
Photo: File
Crops

EPA approves Monsanto’s dicamba weed killer

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U.S. seeds and agrochemicals maker Monsanto Co. has secured approval from the U.S. Environmental Protection Agency for a new dicamba-based weed killer designed for its next generation biotech soy and cotton varieties, the company said on Wednesday. While approval had been expected, it is seen as a major step forward for the company’s newest herbicide
Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)
Crops

ChemChina reported ready for concessions to clinch Syngenta deal

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Beijing/Zurich | Reuters — State-owned Chinese chemicals group ChemChina is ready to offer more concessions to win European Union antitrust approval for its US$43 billion bid for Swiss pesticide and seed group Syngenta, a source with direct knowledge of the process said. Clinching China’s biggest-ever foreign acquisition is taking longer than planned amid a flurry
(Dave Bedard photo)
Crops

Monsanto surprises with adjusted profit as expenses drop

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Reuters — U.S. seeds and agrochemicals company Monsanto, which agreed last month to be bought by Germany’s Bayer for US$66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn seed volumes. Monsanto agreed in September to a sweetened $128-per-share offer from Bayer that, if approved by regulators, would create
Comment

Comment: Closing the barn door after the fact

Sudden concern about mergers on the part of politicians is too little, too late

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One of the oldest truisms agriculture offers is the simple, rock-solid advice that the time to close the barn door is before the cows get out. Closing the door afterwards, as everyone knows, is pointless because the cows are already long gone. Everyone, except of course, the U.S. Congress which, on Sept. 20, hosted a
“Look, I grew up on a farm and I know that for a lot of farmers, just like for anybody else, change is a little disconcerting." – Robert Fraley
News

Consolidation won’t reduce innovation: Monsanto

No word yet on whether a Monsanto-Bayer merger will affect canola growers

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Fewer companies means more innovation. That’s the world according to Robert Fraley, Monsanto’s chief technology officer and executive vice-president, who says biotechnology companies need to consolidate to remain effective. “Consolidation is both needed and healthy in order to be able to provide the kind of investments that you need in cutting-edge biology and data science
(Dow.com)
Crops

Agricultural merger mania fuels fears among small seed sellers

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Chicago | Reuters — The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and independent

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