With total sales of $9.22 billion, Bayer CropScience is one of the global leaders in agribusiness. Its seed treatment, herbicide, insecticide and fungicide business accounts for 80% of the company’s sales. Now the company is expanding its role in the biotech arena. In a recent announcement at its world headquarters in Monheim, Germany, Bayer CropScience unveiled plans to double its annual investment in research and development at its BioScience unit by 2015 and to increase overall research and development budgets at Bayer CropScience to more than $1.14 billion by 2015....More
Bayer CropScience plans to someday market its own brand of wheat seed and traits to wheat growers. Peter Peerbolte, crop manager of cereals, says the company has diversified into wheat genetics by aligning with the University of Nebraska and other wheat companies globally....More
Bayer CropScience and Monsanto have collaborated on a new seed treatment for soybeans. Acceleron with Poncho/Votivo will offer protection against white grubs, seed corn maggot, soybean aphids, and overwintering bean leaf beetles, as well as protection against nematodes....More
Growing weed resistance is driving the seed trait business. Syngenta and Bayer CropScience just announced that the two companies will collaborate on the development of an HPPD-herbicide-tolerant trait for soybeans. Adding HPPD-tolerance to the trait mix will help growers combat weed resistance, particularly to glyphosate.
The trait is in the early development and will not be launched in North America until the “second half of this decade,” according to a news release from Syngenta....More
Bayer CropScience is strengthening its position in soybean breeding with the purchase of Hornbeck Seed Company. Bayer made the announcement March 23. Hornbeck is a privately held seed company that sells soybean germplasm along with breeding for wheat and rice. The company is located in DeWitt, AK, and has supplied seed mostly to the South....More