The following is an edited excerpt.
BASF and Monsanto plan to commercially launch a drought-tolerant variety of genetically modified corn in the U.S. next year.
“We are working with Monsanto to develop a new GM corn variety, which is currently under trial and expected to be ready for launch next year,” BASF’s president for crop protection, Markus Heldt, said on the sidelines of a conference on food security.
The two companies have a revenue sharing arrangement, with 60% of revenue going to Monsanto and the rest to BASF.
Read the original article in its entirety here: BASF, Monsanto to launch drought tolerant GM corn in 2014
