BASF and Monsanto enter into long term plant biotechnology agreement

Monsanto and BASF have come together for a long term plant biotechnology agreement for developing high yield drought resistant crops. The companies are looking to develop a budget of $1.5 billion for development of yield and stress tolerance traits of cotton, canola, soyabean and corn. It has both existing and planned yield and stress tolerance programs apart from projects generated by independent plant biotechnology research. The product which is to be developed would enter the markets in the first half of next decade. Also the companies have entered into a collaboration agreement for researching techniques for controlling soyabean cyst nematode which can affect crop yield. I was just wondering with Monsanto being involved in GM crop scandal how far it would be successful in this venture and whether it will be able to win back the trust of the people again. Via businessweek

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