BASF, Monsanto Plan 2012 Launch of Drought-Tolerant Corn

BASF says it has developed a drought-tolerant corn trait through its 50-50 partnership with Monsanto that will boost yield by 6%-10%. The companies plan to launch the trait in corn in 2012 for planting in 2013. BASF's collaboration with Monsanto is the "biggest R&D effort the industry has ever seen," Hans Kast, president and CEO of BASF Plant Science, said at the company's media summit held this week in Washington D.C. BASF and Monsanto formed a long-term initiative last year to pursue genetically modified seeds to increase crop yield. The companies...

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