Missouri-based agtech company Monsanto Co. and Bayer AG announced in a joint statement their plans to spend $16 billion on research and development over the next six years. In addition to the increase in spending Bayer pledged to maintain its more than 9,000 jobs in the U.S., and to create more than 3,000 new high paying positions.
The companies cited the increase in jobs and funding as an “investment in the U.S. Heartland.” Bayer and Monsanto announced their $66 billion definitive joint merger agreement in 2016, and plan to establish their new global Seeds & Traits and North American commercial headquarters in St. Louis, Missouri.
“This is an investment in innovation and people that will create several thousand new high-tech, well-paying jobs after integration is complete,” the companies said in the release. “These high-tech jobs will drive future innovation in agriculture: geneticists, roboticists, satellite imagery specialists, engineers, data scientists, advanced breeders and statisticians.”
Missouri is the global leader in agtech and is leading the world with innovative technology and research that is transforming agriculture. Big data, smart farming, input optimization, precision agriculture, biologicals, breeding, green chemistry and pharmaceuticals; it’s all growing right here. The use of drones, satellites and data is transforming farming as we know it, and Missouri companies are leading the way in investment and innovation in advanced farming.