All month long Missouri Partnership is taking a look back at 31 of Missouri’s biggest stories in economic development from the past year. Today we take a look at the pending merger of Bayer AG and Missouri-based Monsanto Co.
On September 14, Bayer AG and Monsanto Co. announced a $66 billion definitive merger agreement. The combined businesses committed to retaining a strong presence in Missouri, which will be the home of their new Global Seeds & Traits and North American commercial headquarters.
“We are entering a new era in agriculture – one with significant challenges that demand new, sustainable solutions and technologies to enable growers to produce more with less,” said Hugh Grant, chairman and CEO of Monsanto. “This combination with Bayer will deliver just that – an innovation engine that pairs Bayer’s crop protection portfolio with our world-class seeds and traits and digital agriculture tools to help growers overcome the obstacles of tomorrow.”
Missouri is the home of leading agtech organizations, including the Danforth Plant Science Center, BioZyme, DuPont, BASF, Bunge, Cargill and Synbiotics Corporation. Additionally, Missouri is also home to the corporate headquarters of RaboAgrifinance, part of the Rabobank Group – providing extensive financing and insurance options for U.S. farmers, ranchers and agribusinesses.
For more information on Missouri’s global leadership in agtech or for additional information about doing business in our state please contact us or check out the Global Agtech Leadership page on our website.