St. Louis, Missouri-based agtech giant Monsanto and Bayer AG have completed their $66 billion definitive joint merger, which was originally announced in 2016, and plan to establish their new global Seeds & Traits and North American commercial headquarters in St. Louis, Missouri.
“Today’s closing represents an important milestone toward the vision of creating a leading agricultural company, supporting growers in their efforts to be more productive and sustainable for the benefit of our planet and consumers,” said Hugh Grant, outgoing chairman and CEO of Monsanto.
In 2017, Bayer announced plans to spend $16 billion on research and development over the next six years, and pledged to maintain its more than 9,000 jobs in the U.S., and to create more than 3,000 new high paying positions. Bayer cited the increase in jobs and funding as an “investment in the U.S. Heartland.”
Missouri is the global leader in agtech and gateway to the future of advanced farming. Missouri’s agtech industry is leading the way with innovative technology and research that is transforming agriculture. Missouri’s crop and livestock diversity, abundant water supply and rich soil provide a solid, statewide, foundation for agtech companies to grow and succeed.
Missouri’s agriculture industry contributes $33 billion in GDP to Missouri’s economy, and generates $88 billion in sales and more than 378,000 jobs. In fact, so much agricultural product is shipped via river barge from the St. Louis region that a 15-mile section of the Mississippi is becoming known as the “Ag Coast” of America.
We are also proud to be home to leading agtech organizations, including the Danforth Plant Science Center, Monsanto, the Missouri Botanical Garden, Yield Lab, DuPont, BASF, Bayer, Bunge, KWS, Zoetis, AgriLabs, Boehringer Ingelheim and many more.
In Missouri, the future of agtech is happening today. Big data, smart farming, input optimization, precision ag, biologicals, breeding, green chemistry, green pharmaceuticals, intellectual capital, an extensive agtech infrastructure, investors … it’s all growing right here.
For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion needs.