User: flenvcenter Topic: Food-Regional
Category: Food Production :: Industrial Agriculture
Last updated: Sep 20 2016 22:41 IST RSS 2.0
 
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Senate panel eyes Bayer-Monsanto merger 20.9.2016 Salt Lake Tribune
Washington • The chairman of the Senate Judiciary Committee on Tuesday warned about the proposed $66 billion merger of American seed and weed-killer company Monsanto and German medicine and farm-chemical maker Bayer, expressing concerns about the implications for U.S. farmers. “I’m afraid this consolidation wave has become a tsunami,” Sen. Chuck Grassley, R-Iowa, said at the start of the hearing. The deal combines two of the six U.S. and European companies that dominate the agrochemical market, ...
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Is the Bayer-Monsanto merger too big to succeed? 18.9.2016 Denver Post: Business
It took $66 billion — the largest all-cash transaction in history — for German biotech giant Bayer to win control over Monsanto, the global seed market leader.
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Bayer-Monsanto deal would forge new agricultural force 15.9.2016 Denver Post: Business
Monsanto Co. agreed to sell itself to Bayer AG after months of haggling, in a $57 billion deal that would create an agricultural powerhouse.
Bayer, Monsanto agree on $57 billion deal 14.9.2016 Salt Lake Tribune
Frankfurt, Germany • The U.S. seedmaker Monsanto agreed to a $57 billion buyout offer from Germany’s Bayer in a deal that would create a global agricultural and chemical giant. The deal comes with record harvest driving crop prices to painfully low levels for farmers. It was the third time in four months that Bayer returned with a richer offer to sell the acquisition to Monsanto, and hopefully, its shareholders. Including debt, the deal is valued at $66 billion. If approved, Monsanto will contin...
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Potash, Agrium to create huge crop fertilizer 12.9.2016 Salt Lake Tribune
New York • Potash Corp. and Agrium said Monday that they are combining to create the world’s largest crop nutrient company. The Canadian companies both sell fertilizers and nutrients to farmers that help them grow their crops. The new company will have 20,000 employees, a market value of $36 billion and annual revenue of $20.6 billion, the companies said. A name for the new company will be announced before the deal closes in the middle of next year. Potash shareholders will own about 52 percent ...
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Bayer pushes bid for Monsanto closer to $56B 7.9.2016 Salt Lake Tribune
Kansas City, Mo. • The German pharmaceutical giant Bayer AG sweetened its bid for Monsanto Tuesday, saying its latest offer, now worth almost $56 billion reflects, “constructive negotiations” in its quest to build a global chemical and seed company. Bayer is offering $127.50 per Monsanto share, up from $125 in July, a bid that the St. Louis seed company had called inadequate. Excluding debt of about $9 billion, the latest proposal values Monsanto at $55.8 billion, about $1 billion more than it h...
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Huge, once-hated fish now seen as weapon against Asian carp 29.7.2016 Durango Herald
Biologists are reintroducing a toothy monster to waterways throughout the middle of the country, hoping the alligator gar _ a giant fish once driven to extinction in much of its historic range _ can help control invasive Asian carp
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Bayer AG offers to pay $54.7 billion for Monsanto 15.7.2016 Denver Post: Business
Bayer AG has raised the stakes in its attempt to buy Monsanto Co. and create a chemical and agricultural giant.
Cargill to sell U.S. retail business in divestiture 7.7.2016 Salt Lake Tribune
Cargill Inc., the giant U.S. agricultural producer and merchant, is selling a string of farm retail stores in the Corn Belt to Agrium Inc. as it focuses on its core grain trading operations. The sale comprises 18 outlets with a combined annual revenue of more than $150 million, Calgary-based Agrium said Wednesday in a statement. No price for the sale was given. “Cargill will focus on being the world’s leading merchant of grain and oilseeds,” Roger Watchorn, group leader of Minneapolis-based Carg...
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Hawaii's GMO crop rules head to appeals court 16.6.2016 Salt Lake Tribune
Honolulu • The fight over regulating genetically engineered crops and pesticides in three Hawaii counties will be back in a federal courtroom Wednesday as some agricultural giants look to protect their research farms from bans against modified food in paradise. The 9th U.S. Circuit Court of Appeals will hear oral arguments in Honolulu on ordinances that seek to regulate or outlaw genetically modified products in Hawaii, Kauai and Maui counties. Agrichemical companies and trade associations sued ...
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Monsanto due diligence is next in Bayer deal push 15.6.2016 Salt Lake Tribune
First came the initial bid, then the rejection. Now, the next step in Bayer’s quest to buy Monsanto Co. and create the world’s largest agricultural company is likely to hinge on whether the U.S. seed giant will agree to open its books. Bayer made its $62 billion offer last month and Monsanto rejected the price as too low while also saying it was open to further discussions. In recent days, Bayer sent Monsanto a letter reiterating its $122-a-share proposal and seeking due diligence, a move rebuff...
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Colorado Agricultural Commission adapting to workload associated with rise of hemp and marijuana 9.6.2016 Steamboat Pilot
Colorado Commissioner of Agriculture Don Brown told an audience in Steamboat Springs on June 8 he is determined to hold commercial marijuana growers to high standards when it comes to pesticide use and safeguarding public health. “One enormous thing on our plate has been pesticides on marijuana — we work on that non stop," Brown said during a public forum at the Bud Werner Memorial Library just before the Agricultural Commission convened a regular meeting here. “This thing is not going to go away, but at the end of the day, the Department of Agriculture’s job is to protect people. The manufacturers (of pesticides) haven’t developed (cautionary) labels for pesticides on marijuana and are probably not likely to,” because, with only a few states having legalized marijuana cultivation, it’s a niche industry. Brown said the Department of Agriculture has encountered resistance from growers regarding the use of pesticides, but progress is being made. The Denver Post reported in March that a state Department ...
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Bayer-Monsanto merger would impact many 24.5.2016 Salt Lake Tribune
Frankfurt, Germany • Bayer wants to buy Monsanto for $62 billion, hooking up the German chemical and drug company with the St. Louis-based producer of seeds and weed-killers. The deal would create a global giant in agriculture technology touching much of global food production through the development of seeds and pesticides. Here’s a look at the deal and what it would mean for farmers, workers, consumers and investors. ——— Q: Who wants to buy whom? A: Bayer is offering to acquire Monsanto, which...
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Bayer's Monsanto deal faces German backlash 20.5.2016 Salt Lake Tribune
Bayer’s proposed mega deal to buy Monsanto is likely to create a mega public relations challenge for the German company at home. Bayer faces a backlash against Germany’s biggest planned acquisition because of two products from the St. Louis-based company that are widely detested in the country: genetically modified seeds and the weedkiller Roundup, which uses a compound called glyphosate that some believe can cause cancer. “Germans view Monsanto as the main example of American corporate evil,” s...
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Fish killed after disease found at 2 Colorado hatcheries 17.5.2016 Denver Post: News: Local
GRAND JUNCTION, Colo. (AP) — Managers have killed fish at two Colorado hatcheries because of a bacterial kidney ...
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Bayer seen divesting assets in pursuit of $43 billion Monsanto 13.5.2016 Denver Post: Business
Bayer's exploration of a potential bid for Monsanto triggered speculation that the German company might need to sell some assets to help fund its quest to create the world's largest supplier ...
Colorado pot industry steps up pesticide fight against regulators 2.5.2016 Headlines: All Headlines
The Colorado marijuana industry is stepping up its fight against the state's efforts to regulate the application of pesticides on cannabis.
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Cargill Meat Solutions workers in Fort Morgan reject contract proposal 16.4.2016 Denver Post: Business
Workers at the Cargill Meat Solutions plant in Fort Morgan have rejected a new contract proposal they say included "drastically slashed health care benefits" and "inadequate wage ...
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Monsanto misses forecast on low seed sales 6.4.2016 Salt Lake Tribune
Monsanto Co. reported weaker-than-expected earnings Wednesday as the company offered price discounts to try and revive flagging sales of its biotech-enhanced seeds. Monsanto has struggled with falling prices for crops like corn, soy beans and wheat, which have reduced farmers’ spending on Monsanto’s genetically enhanced seeds. At the same time, the strong dollar has made its products, including chemical weed killer, more expensive overseas. The St. Louis-based company reported a second-quarter p...
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Tycoon behind Syngenta bid China's most aggressive dealmaker 27.3.2016 Durango Herald
The tycoon who is offering $43 billion for Swiss agribusiness giant Syngenta keeps a low profile but is China's most aggressive dealmaker
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