BASF, Monsanto to launch drought tolerant GM corn in 2014

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 

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