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BASF and Monsanto Formalize Agreement to Develop Dicamba-Based Formulation Technologies
Date:1/20/2009

LUDWIGSHAFEN, Germany and ST. LOUIS, Jan. 20 /PRNewswire-FirstCall/ -- BASF and Monsanto Company (NYSE: MON) today announced a new joint-licensing agreement to accelerate the development of the next-generation of dicamba- based weed control chemistry products. Both parties will participate in the development of innovative formulations for dicamba for use with herbicide- resistant cropping systems. Further details of the agreement were not disclosed.

Researchers are able to make herbicide-resistant crops using plant biotechnology and advanced plant breeding to enable farmers to control weeds more efficiently and save time, money and fuel. Crops that are resistant to both Roundup(R) agricultural herbicides and dicamba would represent the next generation of herbicide-resistant crops to deliver significant on-farm benefits to growers. Improved formulations of dicamba are being developed to complement this new combination of herbicide-resistant crops.

"We are very excited to actively participate in developing innovative solutions for this next-generation cropping system for growers," said Emmanuel Butstraen, Group Vice President, Global Strategic Marketing, Herbicides, for BASF's Crop Protection division. BASF is currently the largest provider of dicamba and dicamba-based solutions.

BASF has a proven track record of bringing innovative formulation technologies to the market that improve the effectiveness and environmental profile of crop protection products. Later this year, it will launch its blockbuster herbicide Kixor(TM) in North America.

"Effective weed control is critical for increasing crop yields to meet the growing global demand for food, feed and fuel," said Sean Gardner, Monsanto's Global Chemistry lead. "Combining a second type of herbicide resistance with Roundup Ready(R) tech
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SOURCE Monsanto Company
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