Old rivals fight for new turf-biotech crops

Article Abstract:

Monsanto Co. and DuPont Co. are spending billions of dollars for talent, technology, and other biotech-related assets as they compete to rewire the US' corn, soybean, and other mainstay, crops for a wide range of applications. Both companies have battled over the prices of genetically-engineered seed that is sold to farmers. Monsanto's and DuPont's bidding wars have forced prices to skyrocket. Both firms are attempting to develop "dirt-to-dirt" biotechnology channels. These pipelines will have a major impact on the food supply in the US.

Comment:

Competing with Monsanto to develop biotech crops that can be used for a wide range of applications

Marketing procedures, Chemistry, Monsanto Co.

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AgrEvo to buy Cargill seed unit for $650 million

Article Abstract:

AgrEvo GmbH has reached an agreement to acquire Cargill Inc.'s seed operations in North America for $650 million. AgrEvo is a upstart crop-biotechnology firm based in Germany. Cargill's seed business has yearly sales of $106 million in spite of the fact that seed firms are being forced to reduce some prices. Th farm economy has been struggling recently. AgrEvo requires a seed business so that it can deliver its genes to farmers.

Comment:

AgrEvo GmbH reaches agreement to acquire Cargill Inc.'s seed operations in North America for $650 million

Foreign operations, Germany, North America, Seeds, Cargill Inc., AgrEvo GmbH

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DuPont agrees to purchase of seed firm

Article Abstract:

The largest seed company in the US, Pioneer Hi-Bred International Inc., will be acquired by DuPont Co. in a cash and stock deal for $7.7 billion. DuPont already owns 20% of the Des Moines firm. Pioneer has little long-term debt, a good acquisition for DuPont in its expansion plans for life sciences.

Comment:

Company to purchase Pioneer Hi-Bred for $7.7 billion

AGRICULTURAL PRODUCTION--CROPS, Seeds, Flowers & Bulbs, Mergers, acquisitions and divestments, Abstract, Chemical industry, Horticultural products, Pioneer Hi-Bred International Inc., PHB, Seed industry, DD

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