Reading Time: 2 minutes Monsanto, the world’s largest seed company, has rejected Bayer AG’s US$62 billion acquisition bid as “incomplete and financially inadequate” but hasn’t slammed the door on further talks. Reuters on Tuesday quoted two unnamed sources as saying Monsanto can see the logic of combining with the German drugs and crop chemicals group, as per Bayer’s proposal […] Read more
Monsanto rejects Bayer bid
Bayer confirms US$62 billion cash offer for Monsanto
Reading Time: 2 minutes Frankfurt | Reuters –– German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto for US$122 per share in cash, or a total value of $62 billion including debt, to create the world’s biggest agricultural supplier. Bayer said on Monday that the proposal made to Monsanto’s […] Read more
Rush for ag chem megadeals clogs regulatory path, worries farmers
Reading Time: 3 minutes Reuters — As Bayer joins the agricultural sector’s scramble to consolidate, its bid for Monsanto may be a tipping point for U.S. farmers, federal lawmakers and regulators concerned the tie-ups may harm the farm economy. If Monsanto accepts Bayer’s unsolicited offer, experts say, the deal would inevitably trigger a review by federal antitrust regulators. But […] Read more
EU delays vote on glyphosate license amid cancer row
Reading Time: 2 minutes Brussels | Reuters — The European Union on Thursday delayed a vote on renewing sales approval for the herbicide glyphosate, used in Monsanto’s Roundup, amid a transatlantic row over whether it may cause cancer. Experts from the EU’s 28 nations had been due to vote on a proposal to extend by nine years licensing of […] Read more
Bayer offers to buy Monsanto in global ag chem shakeout
Reading Time: 3 minutes Reuters — German drugs and chemicals group Bayer AG made an unsolicited takeover offer for U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and integrate pesticides and seeds markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither gave the proposed terms. Sources said Bayer would pay […] Read more
U.N. experts find glyphosate unlikely to cause cancer
Reading Time: 2 minutes London | Reuters — The herbicide glyphosate, sold by Monsanto in its Roundup product and widely used in agriculture and by gardeners, is unlikely to cause cancer in people, according to a new safety review by United Nations health, agriculture and food experts. In a statement likely to intensify a row over its potential health […] Read more
U.S. lawmakers put pressure on EPA over glyphosate review
Reading Time: 2 minutes Chicago | Reuters — U.S. lawmakers have asked the Environmental Protection Agency (EPA) to explain why it published — and then withdrew — documents related to its review of glyphosate, the chemical in Monsanto’s Roundup herbicide, according to a letter seen by Reuters. The documents, which included a report that said glyphosate is not likely […] Read more
U.S. grain firms rejecting GMO crops that lack global approval
Reading Time: 3 minutes Reuters — Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companies such as Monsanto. Bold yellow signs from global trader Bunge are […] Read more
U.S. EPA pulls back report saying glyphosate not likely carcinogenic
Reading Time: 2 minutes Chicago | Reuters — The U.S. Environmental Protection Agency on Monday pulled a report offline that concluded glyphosate is not likely to be carcinogenic to humans, saying the document was inadvertently published and the agency had not finished its review of the chemical, a key ingredient in Monsanto’s Roundup herbicides. The 86-page report, seen by […] Read more
Hopes grow for gene editing
This safe new technology promises to take us far beyond GMOs. But will consumers let us use it?
Reading Time: 5 minutes A new technology called gene editing promises to pick up where GMOs have fallen short. In other words, with gene editing, farmers and consumers may benefit as much as chemical and seed companies. But for that to happen, farmers must become familiar with this new technology, they must understand what it can offer agriculture and […] Read more
A message from April Stewart, Country Guide's Associate Editor
