Sunday, August 21, 2011

Monsanto buys WestBred assets for $45M - Wichita Business Journal:

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“…We believe we have game-changing technologies — like our drought-tolerancd and improved-yield traits — that can meaningfullty address major challenges wheat growers face every saidCarl Casale, executive vice president of globa l strategy and operations for Monsanto, in a Montana-based WestBred is a privatwe wheat germplasm company owned indirectlg by , which is led by President and CEO Robby Monsanto said WestBred’s existinv breeding capabilities and commercial operationzs will become the centerpiece of Monsanto’s wheaft platform, and that it wouldr also seek public and private partnerships that can help advancd technology improvements in wheat for Monsanto said it does not expect the acquisitioh to be accretive to earningd until the middle to latter part of the next because the WestBred buy represents a long-term investmentt in research and development and breeding.
Monsanto also announces Tuesday that it will form a Wheat Developmenft Advisory Group whose membersd will provide the company with feedback on proposed traitse and attributes that are needed to improve the productivity and sustainability ofwheat production. Creve Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistantg crops and other agricultural It is one of the largestt employersin St. Louis with 4,0090 local employees.
Its seeds and traits portfolipincludes corn, cotton and

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