Tag: Monsanto

Canadian Competition Bureau still reviewing Bayer-Monsanto deal

With the European Union granting its conditional approval in late March, and U.S. antitrust authorities reportedly set to give their thumbs-up signal, Canada’s competition regulator has yet to issue its decision on Bayer’s proposed acquisition of Monsanto. The US$66 billion deal, which was originally announced in September 2016, has significant implications in the Canadian market,… Read more »

Monsanto BioAg BioAdvantage Trial – 2017 results

The third year of Monsanto BioAg’s BioAdvantage Trials (BAT) wrapped up with a morning event that had co-operators, agronomists, and reps feeling optimistic for the growing season to come. The event was held in Saskatoon, the home of partner brand Novozymes’ headquarters and a hub for Western Canadian Ag. The event would update attendees on… Read more »

Bayer planning to sell digital farming business to BASF

Bayer has confirmed it will be selling its digital farming business to gain approval of its acquisition of Monsanto instead of licensing the digital assets out to a competing company. In gaining regulatory approval of the deal in Europe, Bayer had agreed to license its digital farming package to BASF. However, in a statement shared… Read more »

Bayer gains EU approval to acquire Monsanto

Bayer has checked off one of the final boxes on the list of approvals needed for its acquisition of Monsanto, as the European Commission granted conditional approval of the $66 billion deal on Wednesday. “We have approved Bayer’s plans to take over Monsanto because the parties’ remedies, worth well over €6 billion, meet our competition… Read more »

Monsanto planning to expand dicamba platform in soybeans, canola

Monsanto plans to expand its Xtend herbicide tolerance package, which combines tolerance to dicamba and glyphosate, in the coming years, adding other herbicide-tolerance traits, and introducing it to new crops, including canola. Monsanto, subsidiary The Climate Corporation, and The BioAg Alliance — Monsanto’s collaboration with Novozymes — shared their annual innovation pipeline updates in conjunction… Read more »

Bayer signs C$8.7 billion deal to sell LibertyLink and seed businesses to BASF

Bayer has signed an agreement to divest some of its crop business to BASF for €5.9 billion (approximately C$8.7 billion) to gain regulatory approval for Bayer’s planned acquisition of Monsanto. The transaction with BASF includes Bayer’s global glufosinate-ammonium business and the related LibertyLink herbicide tolerance technology. BASF is also marking its entry into the seed… Read more »

LibertyLink is up for sale — who will buy it?

In order to get the $66 billion purchase of Monsanto finalized, Bayer has agreed to sell its LibertyLink trait and herbicide portfolio, according to Reuters. The Competition Commission of South Africa announced the stipulation earlier this week, to which Bayer has reportedly agreed. The divestiture of some traits doesn’t come as a surprise to most, with… Read more »

Monsanto Cancels Deal to Sell Precision Planting to Deere

Monsanto, the parent company of The Climate Corporation, has cancelled its deal to sell Climate’s Precision Planting equipment business to Deere & Company. The agreement, which was announced in November 2015, was delayed by a U.S. Department of Justice legal challenge. “We are deeply disappointed in this outcome as we remain confident the acquisition would… Read more »

Did You Really Just Say That? Trish Jordan Talks Consumer Connections

Bridging the gap between the farm gate and the dinner plate is a goal agriculture industry members continue to chase and attempt to close. One of the challenges in establishing real communication is that our consumers are a diverse bunch and the there are many players in the value chain all relaying their own message with… Read more »

The Canola Acre Cage Match: Liberty Link vs Roundup Ready vs Clearfield

In Western Canada, we have few acre battles that get much attention, but one that intrigues our editorial staff every year is the battle of the canola herbicide tolerance trait race. It really is a three-way cage match that has swings in advantage every year. All three systems have unique characteristics, strengths, and weaknesses. So here… Read more »

Why is Bayer Acquiring Monsanto?

Shaun Haney is in Germany this week as a guest of Bayer, celebrating 20 years of the company’s Invigor brand.  During the Bayer InVigor 20th anniversary party we heard an address by Liam Condon, Bayer Crop Science CEO. He was fresh off a flight from Chicago where he was working on the acquisition of Monsanto…. Read more »

Monsanto Shareholders Approve Sale to Bayer

Monsanto shareholders approved the company’s sale to Bayer at a meeting in St. Louis on Tuesday. Based on preliminary counts, the company says approximately 99 percent of the votes cast were in favour of the $66 billion deal, which will see Monsanto shareholders receive $128 per share when the merger is finalized. “We are pleased we… Read more »

What Will Be the Impact of Bayer-Monsanto in Canada? — Bayer Canada CEO Al Driver

With the domino effect of agri-business mergers, farmers are wondering what a new version of the combined companies look like. With canola being a smaller crop globally, Bayer’s acquisition of Monsanto will likely not get much attention from the U.S. Department of Justice, but it could be of interest to the Canadian Competition Bureau. Canadian farmers are certainly… Read more »

Canola Seed Consolidation Small Part of Big Deal: Monsanto, Bayer Execs

It’s hard to believe regulators would allow one company to own 95 percent of the canola traits on the market, but executives from Bayer and Monsanto are not offering any hints on whether they expect to be forced to divest canola seed assets as part of their proposed marriage. Both Robb Fraley, chief technology officer with… Read more »

Canola Grower Groups Voice “Serious Concern” Over Bayer, Monsanto Deal

Canola grower organizations say Bayer’s proposed acquisition of Monsanto is “a cause of serious concern to Canada’s canola farmers” due to the consolidation that would occur in the canola seed, trait and crop protection markets. The Canadian Canola Growers Association, along with the Alberta Canola Producers Commission, SaskCanola, the Manitoba Canola Growers Association and Ontario… Read more »