NEWS
Seed Giants to Expand Offerings
Tue Mar 26, 2013 08:52 AM CDT

(Dow Jones) -- Rivals DuPont Co. (DD) and Monsanto Co. (MON) have struck a series of technology licensing agreements that will expand the range of seed products they can offer farmers.

The agreements--under which DuPont will eventually pay the St. Louis crop-biotechnology company a total of $1.75 billion--include a multi-year, royalty-bearing license for Monsanto's next-generation soybean technologies in the U.S. and Canada.

Under the agreements, DuPont's Pioneer business--which develops advanced plant genetics to provide farmers with high-quality seeds--will be able to offer Genuity Roundup Ready 2 Yield soybeans as early as 2014, and Genuity Roundup Ready 2 Xtend glyphosate and ...

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